2104 Trailway CtWalled 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 Walled Lake at 2104 Trailway Ct, Walled Lake, MI, 48390 uses $89,472 cash to close to unlock $3,842/yr annual cash flow and $320/mo monthly cash flow. Total monthly income runs $2,100/mo, and a $1,321/mo payment keeps the spread at $320/mo. Purchase price stands at $269,900, and rental yield measures 9.34% with $2,100/mo rent. Return on cash invested shows 24.2% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 126.46% and total cumulative return in cash records $113,142. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,100/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Townhouse
Built in 2004
N/A 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: Elizabeth Schmieder • Coldwell Banker Professionals-Plymouth
Mls Name: Realcomp II
Mls ID: #20251059448