286 Waterlily DrWhitmore LakeMI48189
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Whitmore Lake at 286 Waterlily Dr, Whitmore Lake, MI, 48189 at $379,900 posts ROI 24.22% with $452/mo cash flow from $2,957/mo rent. Total monthly income equals $2,957/mo, and annual cash flow records $5,426/yr on $125,937 to close. Return on cash invested measures 24.22% and rental yield reads 9.34% at the current $379,900. Equity gained on principal adds $2,451/yr, and 5% annual appreciation supports $104,959 by year five. Five-year ROI prints 126.5% and total cumulative return in cash totals $159,305.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,957/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1996
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48189, Whitmore Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,666 (100%) |
| Owner Occupied HU | 5,337 (80.1%) |
| Renter Occupied HU | 939 (14.1%) |
| Vacant Housing Units | 390 ( 5.9%) |
| Median Home Value | $360,856 |
| Average Home Value | $377,297 |
Housing Distribution
Address Breakdown
Residential
5,800
Single Family
5,800
Multi-Family
0
Businesses
312
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Nearby investment properties with comparable prices
Listed by: Marilyn Handloser • RE/MAX Classic
Mls Name: Realcomp II
Mls ID: #20251041985