16933 Heather LnClinton 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 16933 Heather Ln, Clinton Township, MI, 48038 offers a 11.66% rental yield on a $422,500 purchase with $4,106/mo rent. Total monthly income registers $4,106/mo, and a $2,068/mo payment leaves $1,320/mo available for distribution. Annual cash flow reaches $15,837/yr on $140,059 to close, and return on cash invested stands at 31.22% in year one. Equity gained on principal adds $2,726/yr while 5% annual appreciation supports $116,729 over five years. Portfolio math shows five-year ROI at 164.01% and total cumulative return in cash at $229,704. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,106/mo property income against a $2,068/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.35 Acres 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: David A Rybicki • Epique Inc.
Mls Name: MiRealSource
Mls ID: #50194259