3416 Loon Lake CtWaterfordMI48329
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 Waterford at 3416 Loon Lake Ct, Waterford, MI, 48329 listed at $443,000 pairs $3,066/mo rent with a $2,168/mo payment to leave $145/mo cash flow. Total monthly income runs $3,066/mo, and annual cash flow reaches $1,739/yr on $146,855 cash to close. Return on cash invested measures 21.09% in year one, and rental yield registers 8.31% at a $443,000 basis. Equity gained on principal adds $2,859/yr, and annual property appreciation at 5% supports $122,393 by year five. Five-year ROI tracks 109.7% and total cumulative return in cash totals $161,104. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,066/mo property income relative to a $2,168/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1998
N/A 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