2694 Driftwood DrWaterfordMI48329
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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 Waterford at 2694 Driftwood Dr, Waterford, MI, 48329 with 5% annual appreciation on a $375,000 basis while $2,687/mo rent supports operations. Total monthly income totals $2,687/mo and a $1,835/mo payment preserves $165/mo for cash returns. Annual cash flow comes to $1,978/yr on $124,313 deployed, and return on cash invested reaches 21.5% in year one. Equity gained on principal adds $2,420/yr, and five-year appreciation sums $103,606 alongside rental yield of 8.6%. Five-year ROI measures 112.07% and total cumulative return in cash totals $139,311.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,687/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1998
8,712 sqft lot
$N/A/sqft
$149 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48329, Waterford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,362 (100%) |
| Owner Occupied HU | 9,063 (87.5%) |
| Renter Occupied HU | 975 ( 9.4%) |
| Vacant Housing Units | 324 ( 3.1%) |
| Median Home Value | $287,295 |
| Average Home Value | $402,478 |
Housing Distribution
Address Breakdown
Residential
10,396
Single Family
10,257
Multi-Family
139
Businesses
577
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