6175 Hatchery RdWaterfordMI48329
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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 6175 Hatchery Rd, Waterford, MI, 48329 uses $84,533 cash to close to unlock $2,382/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $1,880/mo, and a $1,248/mo payment keeps the spread at $199/mo. Purchase price stands at $255,000, and rental yield measures 8.85% with $1,880/mo rent. Return on cash invested shows 22.73% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 118.5% and total cumulative return in cash records $100,172. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,880/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.92 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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