240 N Cass Lake RdWaterfordMI48328
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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 Waterford at 240 N Cass Lake Rd, Waterford, MI, 48328 priced at $299,900 pairs $2,803/mo rent with $825/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,803/mo, and annual cash flow comes to $9,902/yr on $99,417 invested. Return on cash invested is 29.87% in year one, and rental yield stands at 11.22% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 156.84% and total cumulative return in cash reaches $155,920. For financing, Ziffy Mortgage’s DSCR program evaluates $2,803/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1930
1.13 Acres lot
$N/A/sqft
No HOA
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Listed by: Michael Ostrander • MAO Realty Advisors
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20250016327
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-03-13 02:21:08 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702