1510 Andover CirWalled LakeMI48390
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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 Walled Lake at 1510 Andover Cir, Walled Lake, MI, 48390 earns $1,056/mo cash flow from $3,628/mo rent with a $1,909/mo payment. Total monthly income totals $3,628/mo, and annual cash flow totals $12,672/yr on $129,285 capital. ROI tracks 29.71% on current figures, and rental yield reads 11.16% at a $390,000 purchase. Equity gained on principal adds $2,517/yr, and 5% annual appreciation supports $107,750 over five years. Five-year ROI reaches 155.91% and total cumulative return in cash sums $201,572. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,628/mo property income instead of your personal income.
Condo
Built in 2014
36.08 Acres 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
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Listed by: Carol Waraniak • Urban Ridge Realty, LLC
Mls Name: MichRIC
Mls ID: #26002147