18247 Canvasback DrClinton 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
Rental property for sale in Clinton Township at 18247 Canvasback Dr, Clinton Township, MI, 48038 generates $2,272/mo in rent, after a $1,591/mo payment. Total monthly income is $2,272/mo. Return on cash invested sits at 16.16% in year one, and rental yield is 8.39% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 85.17% and total cumulative return in cash sums $91,765. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,272/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.29 Acres lot
$N/A/sqft
$400 annually 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: Anthony Raffin • RE/MAX First
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50167740
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