461 Alexander DrCommerce TownshipMI48390
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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 Commerce Township at 461 Alexander Dr, Commerce Township, MI, 48390 uses $142,512 cash to close to unlock $4,430/yr annual cash flow and $369/mo monthly cash flow. Total monthly income runs $3,204/mo, and a $2,104/mo payment keeps the spread at $369/mo. Purchase price stands at $429,900, and rental yield measures 8.94% with $3,204/mo rent. Return on cash invested shows 23.02% in year one, and 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 120.06% and total cumulative return in cash records $171,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,204/mo property income covering a $2,104/mo payment rather than investor’s personal income.
Single Family
Built in 1992
0.34 Acres 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
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Listed by: Heidi Rhome • Keller Williams Advantage Northville
Mls Name: Realcomp II
Mls ID: #20251041653