16583 Waverly CirClinton 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 16583 Waverly Cir, Clinton Township, MI, 48038 uses $112,544 cash to close to unlock $4,534/yr annual cash flow and $378/mo monthly cash flow. Total monthly income runs $2,617/mo, and a $1,662/mo payment keeps the spread at $378/mo. Purchase price stands at $339,500, and rental yield measures 9.25% with $2,617/mo rent. Return on cash invested shows 23.94% in year one, and 5% annual appreciation builds toward $93,798 over five years. Five-year ROI reaches 124.98% and total cumulative return in cash records $140,657. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,617/mo property income covering a $1,662/mo payment rather than investor’s personal income.
Condo
Built in 2006
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: Joseph Hanley • Berkshire Hathaway HomeServices Michigan Real Est
Mls Name: Realcomp II
Mls ID: #20251041374