706 Ander Ln #85White LakeMI48386
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 706 Ander Ln #85, White Lake, MI, 48386 in White Lake. Priced at $411,490, it generates $4,559/mo in gross rent and $1,645/mo in net monthly cash flow, a 13.29% yield that comfortably supports the 2.46 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $19,743. Five-year appreciation: $113,687. Equity from principal paydown: $3,790/yr. Total projected cumulative return: $263,571.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.3% | 6.2% |
| Monthly Cash Flow | $1,645 | $750 |
City averages based on White Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,559 |
| Total Monthly Debt Service | $2,750 |
| DSCR Ratio | 1.66x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2024
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48386, White Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,855 (100%) |
| Owner Occupied HU | 6,505 (82.8%) |
| Renter Occupied HU | 965 (12.3%) |
| Vacant Housing Units | 385 ( 4.9%) |
| Median Home Value | $372,950 |
| Average Home Value | $397,910 |
Housing Distribution
Address Breakdown
Residential
7,783
Single Family
7,384
Multi-Family
399
Businesses
236
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
Condo
Built in 2024
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48386, White Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,855 (100%) |
| Owner Occupied HU | 6,505 (82.8%) |
| Renter Occupied HU | 965 (12.3%) |
| Vacant Housing Units | 385 ( 4.9%) |
| Median Home Value | $372,950 |
| Average Home Value | $397,910 |
Housing Distribution
Address Breakdown
Residential
7,783
Single Family
7,384
Multi-Family
399
Businesses
236
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices