406 Old Pine WayWalled LakeMI48390
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
Rental property for sale in Walled Lake at 406 Old Pine Way, Walled Lake, MI, 48390 priced at $289,900 converts $2,774/mo rent into $862/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,774/mo, and annual cash flow totals $10,346/yr on $96,102 invested. Return on cash invested prints 30.67% in year one, and rental yield reads 11.48% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 161.15% and total cumulative return in cash sums $154,869. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,774/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Townhouse
Built in 2002
N/A lot
$N/A/sqft
No 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 |
Housing Distribution
Address Breakdown
Residential
11,518
Single Family
11,071
Multi-Family
447
Businesses
1,155
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Keith Shows • EXP Z Real Estate
Mls Name: Realcomp II
Mls ID: #20261001736