147 Draper Ave,Waterford,MI,48328

Investment Highlights

Investment property for sale in Waterford at 147 Draper Ave, Waterford, MI, 48328 offers a 9.27% rental yield on a $257,100 purchase with $1,986/mo rent. Total monthly income registers $1,986/mo, and a $1,258/mo payment leaves $101/mo available for distribution. Annual cash flow reaches $1,211/yr on $85,229 to close, and return on cash invested stands at 21.33% in year one. Equity gained on principal adds $1,659/yr while 5% annual appreciation supports $71,032 over five years. Portfolio math shows five-year ROI at 111.96% and total cumulative return in cash at $95,419. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,986/mo property income against a $1,258/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.