365 Grove StWhitmore LakeMI48189
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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 Whitmore Lake at 365 Grove St, Whitmore Lake, MI, 48189 offers a 9.45% rental yield on a $190,000 purchase with $1,496/mo rent. Total monthly income registers $1,496/mo, and a $930/mo payment leaves $243/mo available for distribution. Annual cash flow reaches $2,916/yr on $62,985 to close, and return on cash invested stands at 24.54% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 128.2% and total cumulative return in cash at $80,748. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,496/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
7,840 sqft 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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Listed by: Julie Fischer • 3DX Real Estate-Brighton
Mls Name: Realcomp II
Mls ID: #20251038009