47 Wellesley DrPleasant RidgeMI48069
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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 Pleasant Ridge at 47 Wellesley Dr, Pleasant Ridge, MI, 48069 with 5% annual appreciation on a $389,900 basis while $2,789/mo rent supports operations. Total monthly income totals $2,789/mo and a $1,908/mo payment preserves $218/mo for cash returns. Annual cash flow comes to $2,618/yr on $129,252 deployed, and return on cash invested reaches 21.93% in year one. Equity gained on principal adds $2,516/yr, and five-year appreciation sums $107,722 alongside rental yield of 8.58%. Five-year ROI measures 114.26% and total cumulative return in cash totals $147,685.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,789/mo property income versus a $1,908/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1926
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48069, Pleasant Ridge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,156 (100%) |
| Owner Occupied HU | 1,077 (93.2%) |
| Renter Occupied HU | 48 ( 4.2%) |
| Vacant Housing Units | 31 ( 2.7%) |
| Median Home Value | $461,022 |
| Average Home Value | $497,591 |
Housing Distribution
Address Breakdown
Residential
1,147
Single Family
1,146
Multi-Family
1
Businesses
53
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Listed by: Christian J Grothe • Max Broock, REALTORS-Birmingham
Mls Name: Realcomp II
Mls ID: #20251020379