117 Gardner AveCaroMI48723
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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
Rental property for sale in Caro at 117 Gardner Ave, Caro, MI, 48723 generates $1,240/mo in rent and, after a $693/mo payment, leaves $306/mo in cash flow. Total monthly income is $1,240/mo, and annual cash flow is $3,677/yr on $46,907 invested. Return on cash invested sits at 27.75% in year one, and rental yield is 10.52% on a $141,500 entry. Equity gained on principal adds $913/yr, while 5% annual appreciation builds toward $39,094 over five years. Five-year ROI reaches 145.46% and total cumulative return in cash sums $68,233. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,240/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48723, Caro, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,270 (100%) |
| Owner Occupied HU | 3,730 (70.8%) |
| Renter Occupied HU | 1,083 (20.6%) |
| Vacant Housing Units | 457 ( 8.7%) |
| Median Home Value | $147,264 |
| Average Home Value | $179,741 |
Housing Distribution
Address Breakdown
Residential
5,078
Single Family
4,873
Multi-Family
205
Businesses
460
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Listed by: Sherry Bliss • RE/MAX New Image
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50162046
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