The Franklin Plan, Chestnut VillageWhitmore 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
Rental property for sale in Whitmore Lake at The Franklin Plan, Chestnut Village, Whitmore Lake, MI, 48189 priced at $458,000 converts $3,410/mo rent into $336/mo cash flow after a $2,242/mo obligation. Total monthly income equals $3,410/mo, and annual cash flow totals $4,037/yr on $151,827 invested. Return on cash invested prints 22.57% in year one, and rental yield reads 8.93% against a $458,000 entry. Equity gained on principal adds $2,955/yr, while 5% annual appreciation compiles into $126,537 by year five. Five-year ROI reaches 117.8% and total cumulative return in cash sums $178,845. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,410/mo property income covering a $2,242/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$53 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Chestnut Home Builders
Mls Name: Chestnut Home Builders
Mls Provider:
Mls ID: #N/A