692 Westlake AveOxfordMI48044
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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 Oxford at 692 Westlake Ave, Oxford, MI, 48044 priced at $710,000 pairs $3,720/mo rent with after a $3,475/mo payment. Total monthly income equals $3,720/mo. Return on cash invested is 14.93% in year one, and rental yield stands at 6.29% on a $710,000 basis. Equity gained on principal adds $4,582/yr, and 5% annual appreciation accumulates to $196,160 by year five. Five-year ROI measures 76.69% and total cumulative return in cash reaches $179,147. For financing, Ziffy Mortgage’s DSCR program evaluates $3,720/mo property income against a $3,475/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
0.41 Acres lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48044, Macomb, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,325 (100%) |
| Owner Occupied HU | 18,201 (89.5%) |
| Renter Occupied HU | 1,855 ( 9.1%) |
| Vacant Housing Units | 269 ( 1.3%) |
| Median Home Value | $352,340 |
| Average Home Value | $355,760 |
Housing Distribution
Address Breakdown
Residential
20,629
Single Family
20,025
Multi-Family
604
Businesses
434
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Listed by: Calogero D'Anna • Keller Williams Realty Lakeside
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50173281
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