1712 Center StCarletonMI48117
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 Carleton at 1712 Center St, Carleton, MI, 48117 priced at $236,000 converts $1,807/mo rent into $251/mo cash flow after a $1,155/mo obligation. Total monthly income equals $1,807/mo, and annual cash flow totals $3,010/yr on $78,234 invested. Return on cash invested prints 23.76% in year one, and rental yield reads 9.19% against a $236,000 entry. Equity gained on principal adds $1,523/yr, while 5% annual appreciation compiles into $65,202 by year five. Five-year ROI reaches 124.01% and total cumulative return in cash sums $97,014. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,807/mo property income covering a $1,155/mo payment, not borrower’s personal income.
Single Family
Built in 1987
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48117, Carleton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,502 (100%) |
| Owner Occupied HU | 3,873 (86.0%) |
| Renter Occupied HU | 391 ( 8.7%) |
| Vacant Housing Units | 238 ( 5.3%) |
| Median Home Value | $324,962 |
| Average Home Value | $366,736 |
Housing Distribution
Address Breakdown
Residential
4,262
Single Family
4,193
Multi-Family
69
Businesses
187
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Listed by: Lauren Tillery • Tillery & Associates Realty Group LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50170139
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