2570 Richards DrWhite LakeMI48383
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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 White Lake at 2570 Richards Dr, White Lake, MI, 48383 listed at $499,900 pairs $4,400/mo rent with a $2,447/mo payment to leave $1,103/mo cash flow. Total monthly income runs $4,400/mo, and annual cash flow reaches $13,238/yr on $165,717 cash to close. Return on cash invested measures 27.9% in year one, and rental yield registers 10.56% at a $499,900 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,113 by year five. Five-year ROI tracks 146.22% and total cumulative return in cash totals $242,316. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,400/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48383, White Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,418 (100%) |
| Owner Occupied HU | 4,532 (83.6%) |
| Renter Occupied HU | 677 (12.5%) |
| Vacant Housing Units | 209 ( 3.9%) |
| Median Home Value | $353,510 |
| Average Home Value | $346,839 |
Housing Distribution
Address Breakdown
Residential
5,174
Single Family
5,174
Multi-Family
0
Businesses
72
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Listed by: Joseph Manuel • My Realty LLC
Mls Name: Realcomp II
Mls ID: #20251020397