16281 Conifer LnClinton TownshipMI48038
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder16281 Conifer Ln, Clinton Township, MI, 48038 in Clinton Township is a stable, well-positioned rental at $433,990. Rental yield 7.92%. DSCR 1.47 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $119,903 in value and $3,997/yr in principal paydown builds equity, a total projected return of $154,127.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 6.5% |
| Monthly Cash Flow | $(188) | $420 |
City averages based on Clinton Township market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,864 |
| Total Monthly Debt Service | $2,879 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2024
N/A lot
$N/A/sqft
$190 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 2024
N/A lot
$N/A/sqft
$190 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