1451 Bogie Lake RdWhite LakeMI48383
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 1451 Bogie Lake Rd, White Lake, MI, 48383 earns $862/mo cash flow from $3,156/mo rent with a $1,703/mo payment. Total monthly income totals $3,156/mo, and annual cash flow totals $10,339/yr on $115,329 capital. ROI tracks 28.87% on current figures, and rental yield reads 10.89% at a $347,900 purchase. Equity gained on principal adds $2,245/yr, and 5% annual appreciation supports $96,118 over five years. Five-year ROI reaches 151.46% and total cumulative return in cash sums $174,675. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,156/mo property income instead of your personal income.
Single Family
Built in 1902
0.67 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Benjamin Dieck • Optimum Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #24056848
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.