1306 Blue Ridge PkwyWhite LakeMI48383
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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
Rental property for sale in White Lake at 1306 Blue Ridge Pkwy, White Lake, MI, 48383 generates $3,120/mo in rent, after a $2,961/mo payment. Total monthly income is $3,120/mo. Return on cash invested sits at 14.82% in year one, and rental yield is 6.19% on a $605,000 entry. Equity gained on principal adds $3,904/yr, while 5% annual appreciation builds toward $167,150 over five years. Five-year ROI reaches 76.05% and total cumulative return in cash sums $151,366. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,120/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48383, White Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,418 (100%) |
| Owner Occupied HU | 4,532 (83.6%) |
| Renter Occupied HU | 677 (12.5%) |
| Vacant Housing Units | 209 ( 3.9%) |
| Median Home Value | $353,510 |
| Average Home Value | $346,839 |
Housing Distribution
Address Breakdown
Residential
5,174
Single Family
5,174
Multi-Family
0
Businesses
72
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Listed by: Stacy L Burt • Lakes Realty LLC
Mls Name: Realcomp II
Mls ID: #20261000422