224 Charlevoix StClawsonMI48017
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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 Clawson at 224 Charlevoix St, Clawson, MI, 48017 generates $2,633/mo in rent and, after a $1,615/mo payment, leaves $457/mo in cash flow. Total monthly income is $2,633/mo, and annual cash flow is $5,484/yr on $109,395 invested. Return on cash invested sits at 24.92% in year one, and rental yield is 9.57% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 130.24% and total cumulative return in cash sums $142,475. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,633/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48017, Clawson, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,875 (100%) |
| Owner Occupied HU | 4,389 (74.7%) |
| Renter Occupied HU | 1,325 (22.6%) |
| Vacant Housing Units | 161 ( 2.7%) |
| Median Home Value | $264,906 |
| Average Home Value | $314,004 |
Housing Distribution
Address Breakdown
Residential
5,744
Single Family
4,944
Multi-Family
800
Businesses
479
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