12240 Spenser LnCarletonMI48117
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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 Carleton at 12240 Spenser Ln, Carleton, MI, 48117 earns $291/mo cash flow from $2,308/mo rent with a $1,497/mo payment. Total monthly income totals $2,308/mo, and annual cash flow totals $3,492/yr on $101,406 capital. ROI tracks 23.35% on current figures, and rental yield reads 9.05% at a $305,900 purchase. Equity gained on principal adds $1,974/yr, and 5% annual appreciation supports $84,515 over five years. Five-year ROI reaches 121.82% and total cumulative return in cash sums $123,532. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,308/mo property income instead of your personal income.
Single Family
Built in 2007
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48117, Carleton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,502 (100%) |
| Owner Occupied HU | 3,873 (86.0%) |
| Renter Occupied HU | 391 ( 8.7%) |
| Vacant Housing Units | 238 ( 5.3%) |
| Median Home Value | $324,962 |
| Average Home Value | $366,736 |
Housing Distribution
Address Breakdown
Residential
4,262
Single Family
4,193
Multi-Family
69
Businesses
187
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