1640 High Pointe DrCommerce 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 1640 High Pointe Dr, Commerce Township, MI, 48390 uses $125,937 cash to close to unlock $7,730/yr annual cash flow and $644/mo monthly cash flow. Total monthly income runs $3,149/mo, and a $1,859/mo payment keeps the spread at $644/mo. Purchase price stands at $379,900, and rental yield measures 9.95% with $3,149/mo rent. Return on cash invested shows 26.05% in year one, and 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 136.31% and total cumulative return in cash records $171,665. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,149/mo property income covering a $1,859/mo payment rather than investor’s personal income.
Single Family
Built in 1993
0.35 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frank Yaldo • Wilbanks Real Estate
Mls Name: Realcomp II
Mls ID: #20251041277