8381 Waite RdClarklakeMI49234
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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 Clarklake at 8381 Waite Rd, Clarklake, MI, 49234 uses $94,478 cash to close to unlock $10,038/yr annual cash flow and $837/mo monthly cash flow. Total monthly income runs $2,716/mo, and a $1,395/mo payment keeps the spread at $837/mo. Purchase price stands at $285,000, and rental yield measures 11.44% with $2,716/mo rent. Return on cash invested shows 30.53% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 160.36% and total cumulative return in cash records $151,506. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,716/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 2003
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49234, Clarklake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,397 (100%) |
| Owner Occupied HU | 1,033 (73.9%) |
| Renter Occupied HU | 119 ( 8.5%) |
| Vacant Housing Units | 245 (17.5%) |
| Median Home Value | $295,833 |
| Average Home Value | $388,889 |
Housing Distribution
Address Breakdown
Residential
1,287
Single Family
1,287
Multi-Family
0
Businesses
80
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