177 Erick Blvd. Plan, White LakeWhite LakeMI48386
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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 White Lake at 177 Erick Blvd. Plan, White Lake, White Lake, MI, 48386 uses $51,712 cash to close to unlock $6,298/yr annual cash flow and $525/mo monthly cash flow. Total monthly income runs $1,554/mo, and a $764/mo payment keeps the spread at $525/mo. Purchase price stands at $155,995, and rental yield measures 11.95% with $1,554/mo rent. Return on cash invested shows 32.09% in year one, and 5% annual appreciation builds toward $43,099 over five years. Five-year ROI reaches 168.69% and total cumulative return in cash records $87,232. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,554/mo property income covering a $764/mo payment rather than investor’s personal income.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48386, White Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,855 (100%) |
| Owner Occupied HU | 6,505 (82.8%) |
| Renter Occupied HU | 965 (12.3%) |
| Vacant Housing Units | 385 ( 4.9%) |
| Median Home Value | $372,950 |
| Average Home Value | $397,910 |
Housing Distribution
Address Breakdown
Residential
7,783
Single Family
7,384
Multi-Family
399
Businesses
236
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Listed by: Holly Kroesing • Sun Homes
Mls Name: Sun Homes Manufactured
Mls Provider:
Mls ID: #N/A