1846 Ladd RdWolverine 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 Wolverine Lake at 1846 Ladd Rd, Wolverine Lake, MI, 48390 uses $79,229 cash to close to unlock $656/yr annual cash flow and $55/mo monthly cash flow. Total monthly income runs $1,631/mo, and a $1,170/mo payment keeps the spread at $55/mo. Purchase price stands at $239,000, and rental yield measures 8.19% with $1,631/mo rent. Return on cash invested shows 20.74% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 107.83% and total cumulative return in cash records $85,428. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,631/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 1993
5,662 sqft 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: Kirk Glassel • The Charles Reinhart Company
Mls Name: MichRIC
Mls ID: #25056959