The Kettering Plan, Mystic RidgeWhitmore 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 The Kettering Plan, Mystic Ridge, Whitmore Lake, MI, 48189 uses $149,473 cash to close to unlock $13,770/yr annual cash flow and $1,147/mo monthly cash flow. Total monthly income runs $4,121/mo, and a $2,207/mo payment keeps the spread at $1,147/mo. Purchase price stands at $450,900, and rental yield measures 10.97% with $4,121/mo rent. Return on cash invested shows 29.12% in year one, and 5% annual appreciation builds toward $124,575 over five years. Five-year ROI reaches 152.78% and total cumulative return in cash records $228,372. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,121/mo property income covering a $2,207/mo payment rather than investor’s personal income.
Single Family
Built in 2024
N/A 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
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Listed by: Lisa Bartleman • Norfolk Homes
Mls Name: Norfolk Homes
Mls ID: #N/A