5105 Wallingford Dr NWComstock ParkMI49321
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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 Comstock Park at 5105 Wallingford Dr NW, Comstock Park, MI, 49321 uses $104,389 cash to close to unlock $11,600/yr annual cash flow and $967/mo monthly cash flow. Total monthly income runs $3,043/mo, and a $1,541/mo payment keeps the spread at $967/mo. Purchase price stands at $314,900, and rental yield measures 11.6% with $3,043/mo rent. Return on cash invested shows 31.02% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 162.98% and total cumulative return in cash records $170,134. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,043/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49321, Comstock Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,190 (100%) |
| Owner Occupied HU | 4,375 (60.8%) |
| Renter Occupied HU | 2,533 (35.2%) |
| Vacant Housing Units | 282 ( 3.9%) |
| Median Home Value | $311,171 |
| Average Home Value | $337,061 |
Housing Distribution
Address Breakdown
Residential
7,187
Single Family
5,191
Multi-Family
1,996
Businesses
536
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Listed by: Lindsay Gallegos • RE/MAX REAL ESTATE PROS
Mls Name: MichRIC
Mls ID: #25037109