7038 Whitmore Lake RdWhitmore LakeMI48189
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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 Whitmore Lake at 7038 Whitmore Lake Rd, Whitmore Lake, MI, 48189 earns $1,101/mo cash flow from $4,398/mo rent with a $2,447/mo payment. Total monthly income totals $4,398/mo, and annual cash flow totals $13,212/yr on $165,750 capital. ROI tracks 27.88% on current figures, and rental yield reads 10.56% at a $500,000 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,141 over five years. Five-year ROI reaches 146.1% and total cumulative return in cash sums $242,168. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,398/mo property income instead of your personal income.
Multi Family
Built in 1960
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48189, Whitmore Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,666 (100%) |
| Owner Occupied HU | 5,337 (80.1%) |
| Renter Occupied HU | 939 (14.1%) |
| Vacant Housing Units | 390 ( 5.9%) |
| Median Home Value | $360,856 |
| Average Home Value | $377,297 |
Housing Distribution
Address Breakdown
Residential
5,800
Single Family
5,800
Multi-Family
0
Businesses
312
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Nearby investment properties with comparable prices
Listed by: Brent Flewelling • The Charles Reinhart Company
Mls Name: MichRIC
Mls Provider:
Mls ID: #25025049
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.