245 Cherry Grove LnCommerce TownshipMI48390
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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 Commerce Township at 245 Cherry Grove Ln, Commerce Township, MI, 48390 offers a 9.63% rental yield on a $499,900 purchase with $4,013/mo rent. Total monthly income registers $4,013/mo, and a $2,447/mo payment leaves $716/mo available for distribution. Annual cash flow reaches $8,594/yr on $165,717 to close, and return on cash invested stands at 25.09% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,113 over five years. Portfolio math shows five-year ROI at 131.2% and total cumulative return in cash at $217,416. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,013/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
8,276 sqft 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: Masroor Ahmed • Keller Williams Advantage
Mls Name: Realcomp II
Mls ID: #20251039279