12210 Chesapeake CirCommerce TwpMI48390
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Commerce Twp at 12210 Chesapeake Cir, Commerce Twp, MI, 48390 earns $298/mo cash flow from $2,081/mo rent with a $1,101/mo payment. Total monthly income totals $2,081/mo, and annual cash flow totals $3,570/yr on $74,588 capital. ROI tracks 24.7% on current figures, and rental yield reads 11.1% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 130.81% and total cumulative return in cash sums $97,569. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,081/mo property income instead of your personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48390, Walled Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,991 (100%) |
| Owner Occupied HU | 8,674 (72.3%) |
| Renter Occupied HU | 2,906 (24.2%) |
| Vacant Housing Units | 411 ( 3.4%) |
| Median Home Value | $342,215 |
| Average Home Value | $420,174 |
Housing Distribution
Address Breakdown
Residential
11,518
Single Family
11,071
Multi-Family
447
Businesses
1,155
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Listed by: Mark Krysiak • Casablanca Real Estate LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25001162
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.