15925 New Bedford DrClinton TownshipMI48038
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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 Clinton Township at 15925 New Bedford Dr, Clinton Township, MI, 48038 offers a 10.5% rental yield on a $225,000 purchase with $1,968/mo rent. Total monthly income registers $1,968/mo, and a $1,101/mo payment leaves $485/mo available for distribution. Annual cash flow reaches $5,814/yr on $74,588 to close, and return on cash invested stands at 27.7% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 145.19% and total cumulative return in cash at $108,297. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,968/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1988
N/A lot
$N/A/sqft
No 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
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Listed by: Douglas Seley • Epique Inc.
Mls Name: MiRealSource
Mls ID: #50185428