5705 Lake Grove DrWhite LakeMI48383
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 White Lake at 5705 Lake Grove Dr, White Lake, MI, 48383 generates $2,210/mo in rent and, after a $1,370/mo payment, leaves $364/mo in cash flow. Total monthly income is $2,210/mo, and annual cash flow is $4,368/yr on $92,820 invested. Return on cash invested sits at 24.61% in year one, and rental yield is 9.47% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 128.58% and total cumulative return in cash sums $119,349. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,210/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48383, White Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,418 (100%) |
| Owner Occupied HU | 4,532 (83.6%) |
| Renter Occupied HU | 677 (12.5%) |
| Vacant Housing Units | 209 ( 3.9%) |
| Median Home Value | $353,510 |
| Average Home Value | $346,839 |
Housing Distribution
Address Breakdown
Residential
5,174
Single Family
5,174
Multi-Family
0
Businesses
72
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Zack Lessner • New Michigan Realty
Mls Name: Realcomp II
Mls ID: #20261005240