657 Lucille DrWolverine LakeMI48390
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 Wolverine Lake at 657 Lucille Dr, Wolverine Lake, MI, 48390 listed at $149,000 pairs $1,190/mo rent with a $729/mo payment to leave $208/mo cash flow. Total monthly income runs $1,190/mo, and annual cash flow reaches $2,492/yr on $49,394 cash to close. Return on cash invested measures 24.95% in year one, and rental yield registers 9.58% at a $149,000 basis. Equity gained on principal adds $961/yr, and annual property appreciation at 5% supports $41,166 by year five. Five-year ROI tracks 130.47% and total cumulative return in cash totals $64,444. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,190/mo property income relative to a $729/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48390, Walled Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,991 (100%) |
| Owner Occupied HU | 8,674 (72.3%) |
| Renter Occupied HU | 2,906 (24.2%) |
| Vacant Housing Units | 411 ( 3.4%) |
| Median Home Value | $342,215 |
| Average Home Value | $420,174 |
Housing Distribution
Address Breakdown
Residential
11,518
Single Family
11,071
Multi-Family
447
Businesses
1,155
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sotero M Lopez II • EXP Realty Main
Mls Name: Realcomp II
Mls ID: #20251056706