2308 Georgeland DrWaterfordMI48329
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 Waterford at 2308 Georgeland Dr, Waterford, MI, 48329 at $265,000 posts ROI 30.32% with $763/mo cash flow from $2,510/mo rent. Total monthly income equals $2,510/mo, and annual cash flow records $9,150/yr on $87,848 to close. Return on cash invested measures 30.32% and rental yield reads 11.37% at the current $265,000. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 by year five. Five-year ROI prints 159.25% and total cumulative return in cash totals $139,899.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,510/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1964
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48329, Waterford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,362 (100%) |
| Owner Occupied HU | 9,063 (87.5%) |
| Renter Occupied HU | 975 ( 9.4%) |
| Vacant Housing Units | 324 ( 3.1%) |
| Median Home Value | $287,295 |
| Average Home Value | $402,478 |
Housing Distribution
Address Breakdown
Residential
10,396
Single Family
10,257
Multi-Family
139
Businesses
577
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