3855 Anoka DrWaterfordMI48329
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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 Waterford at 3855 Anoka Dr, Waterford, MI, 48329 uses $92,820 cash to close to unlock $10,440/yr annual cash flow and $870/mo monthly cash flow. Total monthly income runs $2,716/mo, and a $1,370/mo payment keeps the spread at $870/mo. Purchase price stands at $280,000, and rental yield measures 11.64% with $2,716/mo rent. Return on cash invested shows 31.16% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 163.67% and total cumulative return in cash records $151,917. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,716/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.32 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
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