451 Six Mile RdWhitmore LakeMI48189
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 Whitmore Lake at 451 Six Mile Rd, Whitmore Lake, MI, 48189 with 5% annual appreciation on a $350,000 basis while $2,894/mo rent supports operations. Total monthly income totals $2,894/mo and a $1,713/mo payment preserves $586/mo for cash returns. Annual cash flow comes to $7,032/yr on $116,025 deployed, and return on cash invested reaches 25.97% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,699 alongside rental yield of 9.92%. Five-year ROI measures 135.86% and total cumulative return in cash totals $157,634.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,894/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
0.83 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danny O'Brien • Wentworth Real Estate Group
Mls Name: Realcomp II
Mls ID: #20261000620