9062 Rhyan RdWhite LakeMI48386
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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
Rental property for sale in White Lake at 9062 Rhyan Rd, White Lake, MI, 48386 generates $1,988/mo in rent and, after a $1,444/mo payment, leaves $43/mo in cash flow. Total monthly income is $1,988/mo, and annual cash flow is $510/yr on $97,793 invested. Return on cash invested sits at 20.43% in year one, and rental yield is 8.09% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 106.19% and total cumulative return in cash sums $103,850. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,988/mo property income rather than buyer’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No 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
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Listed by: Karen Koshen • Real Estate One
Mls Name: Realcomp II
Mls ID: #20251046976