9024 Pine Cove DrWhitmore 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 9024 Pine Cove Dr, Whitmore Lake, MI, 48189 uses $83,704 cash to close to unlock $11,433/yr annual cash flow and $953/mo monthly cash flow. Total monthly income runs $3,043/mo, and a $1,236/mo payment keeps the spread at $953/mo. Purchase price stands at $252,500, and rental yield measures 14.46% with $3,043/mo rent. Return on cash invested shows 33.57% in year one, and 5% annual appreciation builds toward $69,761 over five years. Five-year ROI reaches 178.85% and total cumulative return in cash records $149,703. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,043/mo property income covering a $1,236/mo payment rather than investor’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
$425 monthly 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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Listed by: Julie A Troher • Remerica United Realty
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20251045051
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