23188 Waterview DrNew BostonMI48164
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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
Rental property for sale in New Boston at 23188 Waterview Dr, New Boston, MI, 48164 generates $3,286/mo in rent and, after a $2,129/mo payment, leaves $418/mo in cash flow. Total monthly income is $3,286/mo, and annual cash flow is $5,012/yr on $144,169 invested. Return on cash invested sits at 23.39% in year one, and rental yield is 9.07% on a $434,899 entry. Equity gained on principal adds $2,806/yr, while 5% annual appreciation builds toward $120,155 over five years. Five-year ROI reaches 122.02% and total cumulative return in cash sums $175,913. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,286/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48164, New Boston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 3,244 (88.9%) |
| Renter Occupied HU | 275 ( 7.5%) |
| Vacant Housing Units | 131 ( 3.6%) |
| Median Home Value | $331,699 |
| Average Home Value | $334,306 |
Housing Distribution
Address Breakdown
Residential
3,822
Single Family
3,822
Multi-Family
0
Businesses
197
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Listed by: Donny J Orlando • @properties Christie's Int'l RE Northville
Mls Name: Realcomp II
Mls ID: #20251059280