16505 Woodlane StFraserMI48026
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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 Fraser at 16505 Woodlane St, Fraser, MI, 48026 uses $39,780 cash to close to unlock $1,452/yr annual cash flow and $121/mo monthly cash flow. Total monthly income runs $912/mo, and a $587/mo payment keeps the spread at $121/mo. Purchase price stands at $120,000, and rental yield measures 9.12% with $912/mo rent. Return on cash invested shows 23.56% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 122.94% and total cumulative return in cash records $48,907. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $912/mo property income covering a $587/mo payment rather than investor’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48026, Fraser, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,453 (100%) |
| Owner Occupied HU | 4,624 (71.7%) |
| Renter Occupied HU | 1,687 (26.1%) |
| Vacant Housing Units | 142 ( 2.2%) |
| Median Home Value | $217,434 |
| Average Home Value | $243,374 |
Housing Distribution
Address Breakdown
Residential
6,372
Single Family
5,658
Multi-Family
714
Businesses
679
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