1398 Waverly Dr #75White LakeMI48386
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 White Lake at 1398 Waverly Dr #75, White Lake, MI, 48386 listed at $369,950 pairs $1,554/mo rent with a $1,811/mo payment. Total monthly income runs $1,554/mo. Return on cash invested measures 11.24% in year one, and rental yield registers 5.04% at a $369,950 basis. Equity gained on principal adds $2,387/yr, and annual property appreciation at 5% supports $102,210 by year five. Five-year ROI tracks 56.92% and total cumulative return in cash totals $69,805. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,554/mo property income relative to a $1,811/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48386, White Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,855 (100%) |
| Owner Occupied HU | 6,505 (82.8%) |
| Renter Occupied HU | 965 (12.3%) |
| Vacant Housing Units | 385 ( 4.9%) |
| Median Home Value | $372,950 |
| Average Home Value | $397,910 |
Housing Distribution
Address Breakdown
Residential
7,783
Single Family
7,384
Multi-Family
399
Businesses
236
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven Mattler • Signature Sotheby's International Realty Bham
Mls Name: Realcomp II
Mls ID: #20251029900