424 E Shore DrWhitmore 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 424 E Shore Dr, Whitmore Lake, MI, 48189 with 5% annual appreciation on a $589,999 basis while $2,516/mo rent supports operations. 56% in year one. Equity gained on principal adds $3,807/yr, and five-year appreciation sums $163,006 alongside rental yield of 5.12%. Five-year ROI measures 58.56% and total cumulative return in cash totals $113,680. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,516/mo property income versus a $2,888/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
0.50 Acres 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: Ron Yarbrough • Remerica Integrity II
Mls Name: Realcomp II
Mls ID: #20251024815