609 Elkinford 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
Investment property for sale in White Lake at 609 Elkinford Dr, White Lake, MI, 48383 uses $80,720 cash to close to unlock $4,357/yr annual cash flow and $363/mo monthly cash flow. Total monthly income runs $1,969/mo, and a $1,192/mo payment keeps the spread at $363/mo. Purchase price stands at $243,500, and rental yield measures 9.7% with $1,969/mo rent. Return on cash invested shows 25.31% in year one, and 5% annual appreciation builds toward $67,275 over five years. Five-year ROI reaches 132.36% and total cumulative return in cash records $106,845. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,969/mo property income covering a $1,192/mo payment rather than investor’s personal income.
Single Family
Built in 1947
10,454 sqft 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: Ellie Perigo • KW Showcase Realty
Mls Name: Realcomp II
Mls ID: #20251043661