2880 Steeple Hill RdWhite 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 2880 Steeple Hill Rd, White Lake, MI, 48383 offers a 7.96% rental yield on a $595,000 purchase with $3,947/mo rent. Total monthly income registers $3,947/mo, and a $2,912/mo payment leaves $24/mo available for distribution. Annual cash flow reaches $282/yr on $195,755 to close, and return on cash invested stands at 20.2% in year one. Equity gained on principal adds $3,839/yr while 5% annual appreciation supports $164,388 over five years. Portfolio math shows five-year ROI at 104.93% and total cumulative return in cash at $205,406. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,947/mo property income against a $2,912/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.41 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: Alex Hagopian • KW Showcase Realty
Mls Name: Realcomp II
Mls ID: #20251028083