15439 Cornell DrClinton TownshipMI48038
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Clinton Township rental at 15439 Cornell Dr, Clinton Township, MI, 48038 sits in the solid-income band: 12.48% gross yield, $2,081/mo rent, $324/mo net after the $899/mo debt service, DSCR 2.31. Entry price of $200,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $55,256 and $1,842/yr in principal reduction bring total cumulative return to $98,963.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.5% | 6.5% |
| Monthly Cash Flow | $324 | $420 |
City averages based on Clinton Township market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,081 |
| Total Monthly Debt Service | $1,678 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2005
23 Acres lot
$N/A/sqft
$280 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48038, Clinton Township, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,703 (100%) |
| Owner Occupied HU | 13,222 (60.9%) |
| Renter Occupied HU | 7,679 (35.4%) |
| Vacant Housing Units | 802 ( 3.7%) |
| Median Home Value | $287,923 |
| Average Home Value | $303,682 |
Housing Distribution
Address Breakdown
Residential
21,528
Single Family
16,319
Multi-Family
5,209
Businesses
1,404
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
Condo
Built in 2005
23 Acres lot
$N/A/sqft
$280 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48038, Clinton Township, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,703 (100%) |
| Owner Occupied HU | 13,222 (60.9%) |
| Renter Occupied HU | 7,679 (35.4%) |
| Vacant Housing Units | 802 ( 3.7%) |
| Median Home Value | $287,923 |
| Average Home Value | $303,682 |
Housing Distribution
Address Breakdown
Residential
21,528
Single Family
16,319
Multi-Family
5,209
Businesses
1,404
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vito Castellana • Castleton Realty, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25019463
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.