6428 Cloverton 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
Investment property for sale in Waterford at 6428 Cloverton Dr, Waterford, MI, 48329 earns $549/mo cash flow from $2,197/mo rent with a $1,223/mo payment. Total monthly income totals $2,197/mo, and annual cash flow totals $6,590/yr on $82,842 capital. ROI tracks 27.86% on current figures, and rental yield reads 10.55% at a $249,900 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 over five years. Five-year ROI reaches 146.07% and total cumulative return in cash sums $121,010. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,197/mo property income instead of your personal income.
Single Family
Built in 1972
6,969 sqft 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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