2870 Frembes RdWaterfordMI48329
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2870 Frembes Rd, Waterford, MI, 48329 in Waterford speaks for itself: 12.21% gross on a $260,000 price, generating $2,646/mo in rent and $931/mo in net income after the $1,169/mo debt service. DSCR 2.26, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $11,177 stacks alongside $71,833 in projected five-year appreciation and $2,395/yr in principal reduction. Projected total cumulative return: $158,985.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.2% | 6.5% |
| Monthly Cash Flow | $931 | $450 |
City averages based on Waterford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,646 |
| Total Monthly Debt Service | $1,611 |
| DSCR Ratio | 1.64x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
0.28 Acres lot
$N/A/sqft
No 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
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
Single Family
Built in 1960
0.28 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices