4910 Chipman DrWaterfordMI48327
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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 Waterford at 4910 Chipman Dr, Waterford, MI, 48327 uses $96,102 cash to close to unlock $6,374/yr annual cash flow and $531/mo monthly cash flow. Total monthly income runs $2,443/mo, and a $1,419/mo payment keeps the spread at $531/mo. Purchase price stands at $289,900, and rental yield measures 10.11% with $2,443/mo rent. Return on cash invested shows 26.54% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 138.99% and total cumulative return in cash records $133,569. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,443/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1989
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48327, Waterford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,406 (100%) |
| Owner Occupied HU | 7,149 (68.7%) |
| Renter Occupied HU | 2,960 (28.4%) |
| Vacant Housing Units | 297 ( 2.9%) |
| Median Home Value | $272,306 |
| Average Home Value | $332,538 |
Housing Distribution
Address Breakdown
Residential
10,102
Single Family
8,351
Multi-Family
1,751
Businesses
483
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