28103 April CtCommerce TwpMI48390
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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 Commerce Twp at 28103 April Ct, Commerce Twp, MI, 48390 generates $2,704/mo in rent and, after a $1,468/mo payment, leaves $726/mo in cash flow. Total monthly income is $2,704/mo, and annual cash flow is $8,712/yr on $99,450 invested. Return on cash invested sits at 28.67% in year one, and rental yield is 10.82% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 150.35% and total cumulative return in cash sums $149,520. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,704/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A 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: David Godin • LPT Realty
Mls Name: MiRealSource
Mls ID: #50190182