1496 Turner Dr #1Commerce TownshipMI48390
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 Commerce Township at 1496 Turner Dr #1, Commerce Township, MI, 48390 offers a 6.18% rental yield on a $524,563 purchase with $2,700/mo rent. 78% in year one. Equity gained on principal adds $3,385/yr while 5% annual appreciation supports $144,927 over five years. Portfolio math shows five-year ROI at 75.88% and total cumulative return in cash at $130,960. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,700/mo property income against a $2,567/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48390, Walled Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,991 (100%) |
| Owner Occupied HU | 8,674 (72.3%) |
| Renter Occupied HU | 2,906 (24.2%) |
| Vacant Housing Units | 411 ( 3.4%) |
| Median Home Value | $342,215 |
| Average Home Value | $420,174 |
Housing Distribution
Address Breakdown
Residential
11,518
Single Family
11,071
Multi-Family
447
Businesses
1,155
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Petersen • KW Realty Livingston
Mls Name: Realcomp II
Mls ID: #20251056292