500 Lake Village AveWaterfordMI48328
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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
Rental property for sale in Waterford at 500 Lake Village Ave, Waterford, MI, 48328 priced at $430,845 converts $5,963/mo rent into $3,082/mo cash flow after a $2,109/mo obligation. Total monthly income equals $5,963/mo, and annual cash flow totals $36,979/yr on $142,825 invested. Return on cash invested prints 45.8% in year one, and rental yield reads 16.61% against a $430,845 entry. Equity gained on principal adds $2,780/yr, while 5% annual appreciation compiles into $119,035 by year five. Five-year ROI reaches 242.35% and total cumulative return in cash sums $346,132. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,963/mo property income covering a $2,109/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,000 sqft lot
$N/A/sqft
$40 monthly HOA
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Listed by: Scott Fader • M/I Homes of Michigan, LLC
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240048784
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-14 19:32:44 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702