305 Legato Dr, Walled Lake, MI, 48390 | 8.19% Rental Yield

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,536/mo, and a $1,101/mo payment. Purchase price stands at $225,000, and rental yield measures 8.19% with $1,536/mo rent. Return on cash invested shows 15.38% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 81.07% and total cumulative return in cash records $60,465. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,536/mo property income covering a $1,101/mo payment rather than investor’s personal income.

Condo

Built in 2005

4.41 Acres lot

$N/A/sqft

$334 monthly 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