5596 Eldridge 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 5596 Eldridge Dr, Waterford, MI, 48327 earns $266/mo cash flow from $1,584/mo rent with a $978/mo payment. Total monthly income totals $1,584/mo, and annual cash flow totals $3,194/yr on $66,267 capital. ROI tracks 24.73% on current figures, and rental yield reads 9.51% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 129.28% and total cumulative return in cash sums $85,669. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,584/mo property income instead of your personal income.
Single Family
Built in 1953
6,534 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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