1306 Jay StWaterfordMI48327
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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
Investment property for sale in Waterford at 1306 Jay St, Waterford, MI, 48327 uses $76,245 cash to close to unlock $984/yr annual cash flow and $82/mo monthly cash flow. Total monthly income runs $1,599/mo, and a $1,126/mo payment keeps the spread at $82/mo. Purchase price stands at $230,000, and rental yield measures 8.34% with $1,599/mo rent. Return on cash invested shows 21.2% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 110.29% and total cumulative return in cash records $84,091. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,599/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48327, Waterford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,406 (100%) |
| Owner Occupied HU | 7,149 (68.7%) |
| Renter Occupied HU | 2,960 (28.4%) |
| Vacant Housing Units | 297 ( 2.9%) |
| Median Home Value | $272,306 |
| Average Home Value | $332,538 |
Housing Distribution
Address Breakdown
Residential
10,102
Single Family
8,351
Multi-Family
1,751
Businesses
483
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