17 Leonore StMount ClemensMI48043
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
Investment Highlights
Rental property for sale in Mount Clemens at 17 Leonore St, Mount Clemens, MI, 48043 generates $1,066/mo in rent and, after a $662/mo payment, leaves $174/mo in cash flow. Total monthly income is $1,066/mo, and annual cash flow is $2,090/yr on $44,819 invested. Return on cash invested sits at 24.57% in year one, and rental yield is 9.46% on a $135,200 entry. Equity gained on principal adds $872/yr, while 5% annual appreciation builds toward $37,353 over five years. Five-year ROI reaches 128.47% and total cumulative return in cash sums $57,579. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,066/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48043, Mount Clemens, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,435 (100%) |
| Owner Occupied HU | 4,080 (54.9%) |
| Renter Occupied HU | 2,965 (39.9%) |
| Vacant Housing Units | 390 ( 5.2%) |
| Median Home Value | $224,842 |
| Average Home Value | $264,575 |
Housing Distribution
Address Breakdown
Residential
7,126
Single Family
6,151
Multi-Family
975
Businesses
857
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Listed by: Mark Scully • Berkshire Hathaway HomeServices Kee Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50170405
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