9119 Garfield DrWhitmore LakeMI48189
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 9119 Garfield Dr, Whitmore Lake, MI, 48189 listed at $375,000 pairs $2,591/mo rent with a $1,835/mo payment to leave $119/mo cash flow. Total monthly income runs $2,591/mo, and annual cash flow reaches $1,422/yr on $124,313 cash to close. Return on cash invested measures 21.05% in year one, and rental yield registers 8.29% at a $375,000 basis. Equity gained on principal adds $2,420/yr, and annual property appreciation at 5% supports $103,606 by year five. Five-year ROI tracks 109.53% and total cumulative return in cash totals $136,155. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,591/mo property income relative to a $1,835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1992
0.28 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Wojtowicz • Proper Property Services, Inc
Mls Name: MichRIC
Mls ID: #25061898