11029 Bare DrClioMI48420
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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 Clio at 11029 Bare Dr, Clio, MI, 48420 uses $63,648 cash to close to unlock $6,559/yr annual cash flow and $547/mo monthly cash flow. Total monthly income runs $1,813/mo, and a $940/mo payment keeps the spread at $547/mo. Purchase price stands at $192,000, and rental yield measures 11.33% with $1,813/mo rent. Return on cash invested shows 30.21% in year one, and 5% annual appreciation builds toward $53,046 over five years. Five-year ROI reaches 158.64% and total cumulative return in cash records $100,972. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,813/mo property income covering a $940/mo payment rather than investor’s personal income.
Single Family
Built in 1954
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48420, Clio, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,920 (100%) |
| Owner Occupied HU | 6,965 (78.1%) |
| Renter Occupied HU | 1,578 (17.7%) |
| Vacant Housing Units | 377 ( 4.2%) |
| Median Home Value | $206,485 |
| Average Home Value | $227,094 |
Housing Distribution
Address Breakdown
Residential
9,173
Single Family
8,925
Multi-Family
248
Businesses
527
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