144 Parnacott DrMount ClemensMI48043
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mount Clemens at 144 Parnacott Dr, Mount Clemens, MI, 48043 at $140,900 posts ROI 59.18% with $1,528/mo cash flow from $2,508/mo rent. Total monthly income equals $2,508/mo, and annual cash flow records $18,342/yr on $46,708 to close. Return on cash invested measures 59.18% and rental yield reads 21.36% at the current $140,900. Equity gained on principal adds $909/yr, and 5% annual appreciation supports $38,928 by year five. Five-year ROI prints 314.5% and total cumulative return in cash totals $146,897.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,508/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1965
4,356 sqft lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48043, Mount Clemens, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,435 (100%) |
| Owner Occupied HU | 4,080 (54.9%) |
| Renter Occupied HU | 2,965 (39.9%) |
| Vacant Housing Units | 390 ( 5.2%) |
| Median Home Value | $224,842 |
| Average Home Value | $264,575 |
Housing Distribution
Address Breakdown
Residential
7,126
Single Family
6,151
Multi-Family
975
Businesses
857
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Nearby investment properties with comparable prices
Listed by: Charles D'Luge • Real Estate One Chesterfield
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50151141
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