16210 Addington Dr, Walled Lake, MI, 48390 | $34/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Walled Lake at 16210 Addington Dr, Walled Lake, MI, 48390 uses $80,555 cash to close to unlock $407/yr annual cash flow and $34/mo monthly cash flow. Total monthly income runs $1,961/mo, and a $1,189/mo payment keeps the spread at $34/mo. Purchase price stands at $243,000, and rental yield measures 9.68% with $1,961/mo rent. Return on cash invested shows 20.41% in year one, and 5% annual appreciation builds toward $67,136 over five years. Five-year ROI reaches 107.83% and total cumulative return in cash records $86,864. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,961/mo property income covering a $1,189/mo payment rather than investor’s personal income.

Condo

Built in 2004

26.55 Acres lot

$N/A/sqft

$325 monthly 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