907 Watercress LnFentonMI48430
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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 Fenton at 907 Watercress Ln, Fenton, MI, 48430 uses $104,389 cash to close to unlock $6,692/yr annual cash flow and $558/mo monthly cash flow. Total monthly income runs $2,634/mo, and a $1,541/mo payment keeps the spread at $558/mo. Purchase price stands at $314,900, and rental yield measures 10.04% with $2,634/mo rent. Return on cash invested shows 26.32% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 137.76% and total cumulative return in cash records $143,806. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,634/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48430, Fenton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,916 (100%) |
| Owner Occupied HU | 12,868 (76.1%) |
| Renter Occupied HU | 3,053 (18.0%) |
| Vacant Housing Units | 995 ( 5.9%) |
| Median Home Value | $353,352 |
| Average Home Value | $414,915 |
Housing Distribution
Address Breakdown
Residential
16,904
Single Family
14,726
Multi-Family
2,178
Businesses
1,070
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