8204 Alexa DrWalled LakeMI48390
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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 Walled Lake at 8204 Alexa Dr, Walled Lake, MI, 48390 uses $111,053 cash to close to unlock $10,086/yr annual cash flow and $841/mo monthly cash flow. Total monthly income runs $3,050/mo, and a $1,640/mo payment keeps the spread at $841/mo. Purchase price stands at $335,000, and rental yield measures 10.93% with $3,050/mo rent. Return on cash invested shows 28.99% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 152.1% and total cumulative return in cash records $168,908. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,050/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A 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
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Listed by: Pierre G Binandeh • @properties Christie's Int'l R.E. Birmingham
Mls Name: Realcomp II
Mls ID: #20251040222