2230 Palmetto #1Commerce TownshipMI48382
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2230 Palmetto #1, Commerce Township, MI, 48382 in Commerce Township speaks for itself: 18.14% gross on a $499,999 price, generating $7,559/mo in rent and $3,904/mo in net income after the $2,248/mo debt service. DSCR 3.36, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $46,843 stacks alongside $138,141 in projected five-year appreciation and $4,605/yr in principal reduction. Projected total cumulative return: $443,247.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18.1% | 6.0% |
| Monthly Cash Flow | $3,904 | $850 |
City averages based on Commerce Township market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,559 |
| Total Monthly Debt Service | $3,456 |
| DSCR Ratio | 2.19x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2006
N/A lot
$N/A/sqft
$358 monthly HOA
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
Condo
Built in 2006
N/A lot
$N/A/sqft
$358 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices