6080 Northrup DrWaterfordMI48329
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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 Waterford at 6080 Northrup Dr, Waterford, MI, 48329 offers $2,556/mo rent that, after a $1,468/mo payment, leaves $578/mo cash flow. Total monthly income is $2,556/mo, and annual cash flow is $6,936/yr on $99,450 cash. Return on cash invested measures 26.88% in year one, and rental yield stands at 10.22% at a $300,000 entry. Equity gained on principal adds $1,936/yr while 5% annual appreciation compounds into $82,884 by year five. Five-year ROI records 140.75% and total cumulative return in cash reaches $139,980. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,556/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48329, Waterford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,362 (100%) |
| Owner Occupied HU | 9,063 (87.5%) |
| Renter Occupied HU | 975 ( 9.4%) |
| Vacant Housing Units | 324 ( 3.1%) |
| Median Home Value | $287,295 |
| Average Home Value | $402,478 |
Housing Distribution
Address Breakdown
Residential
10,396
Single Family
10,257
Multi-Family
139
Businesses
577
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