526 Red Oak CtWalled LakeMI48390
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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 Walled Lake at 526 Red Oak Ct, Walled Lake, MI, 48390 priced at $260,000 pairs $1,805/mo rent with $90/mo cash flow after a $1,273/mo payment. Total monthly income equals $1,805/mo, and annual cash flow comes to $1,080/yr on $86,190 invested. Return on cash invested is 21.16% in year one, and rental yield stands at 8.33% on a $260,000 basis. Equity gained on principal adds $1,678/yr, and 5% annual appreciation accumulates to $71,833 by year five. Five-year ROI measures 110.08% and total cumulative return in cash reaches $94,877. For financing, Ziffy Mortgage’s DSCR program evaluates $1,805/mo property income against a $1,273/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2005
N/A 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: Nicole E McAvoy • DOBI Real Estate
Mls Name: Realcomp II
Mls ID: #20251056569