685 Sunset StWhite LakeMI48383
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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 White Lake at 685 Sunset St, White Lake, MI, 48383 priced at $549,000 converts $3,540/mo rent into after a $2,687/mo obligation. Total monthly income equals $3,540/mo. Return on cash invested prints 19.53% in year one, and rental yield reads 7.74% against a $549,000 entry. Equity gained on principal adds $3,543/yr, while 5% annual appreciation compiles into $151,679 by year five. Five-year ROI reaches 101.29% and total cumulative return in cash sums $182,960. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,540/mo property income covering a $2,687/mo payment, not borrower’s personal income.
Single Family
Built in 2010
4.90 Acres 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
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Listed by: Joseph Rabban • Keller Williams Realty Lakeside
Mls Name: MiRealSource
Mls ID: #50187655