2323 Solano DrWolverine LakeMI48390
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
Total monthly income runs $2,540/mo, and a $4,792/mo payment. Purchase price stands at $979,000, and rental yield measures 3.11% with $2,540/mo rent. Return on cash invested shows 5.47% in year one, and 5% annual appreciation builds toward $270,480 over five years. Five-year ROI reaches 25.91% and total cumulative return in cash records $83,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,540/mo property income covering a $4,792/mo payment rather than investor’s personal income.
Single Family
Built in 1951
0.42 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nancy Tochman • RE/MAX Classic
Mls Name: MichRIC
Mls ID: #25033289