542 Springle DrWaterfordMI48327
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 542 Springle Dr, Waterford, MI, 48327 priced at $315,000 converts $1,536/mo rent into after a $1,542/mo obligation. Total monthly income equals $1,536/mo. Return on cash invested prints 13.69% in year one, and rental yield reads 5.85% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 70.02% and total cumulative return in cash sums $73,121. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,536/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 2025
4,791 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices