12361 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 12361 Spenser Ln, Carleton, MI, 48117 listed at $399,900 pairs $2,771/mo rent with a $1,957/mo payment to leave $134/mo cash flow. Total monthly income runs $2,771/mo, and annual cash flow reaches $1,610/yr on $132,567 cash to close. Return on cash invested measures 21.12% in year one, and rental yield registers 8.32% at a $399,900 basis. Equity gained on principal adds $2,580/yr, and annual property appreciation at 5% supports $110,485 by year five. Five-year ROI tracks 109.91% and total cumulative return in cash totals $145,700. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,771/mo property income relative to a $1,957/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
5,662 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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