2285 Arcadia DrCantonMI48188
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
Investment property for sale in Canton at 2285 Arcadia Dr, Canton, MI, 48188 at $241,900 posts ROI 25.01% with $341/mo cash flow from $2,251/mo rent. Total monthly income equals $2,251/mo, and annual cash flow records $4,089/yr on $80,190 to close. Return on cash invested measures 25.01% and rental yield reads 11.17% at the current $241,900. Equity gained on principal adds $1,561/yr, and 5% annual appreciation supports $66,833 by year five. Five-year ROI prints 132.43% and total cumulative return in cash totals $106,199.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,251/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2006
N/A lot
$N/A/sqft
$315 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48188, Canton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,500 (100%) |
| Owner Occupied HU | 14,480 (78.3%) |
| Renter Occupied HU | 3,060 (16.5%) |
| Vacant Housing Units | 960 ( 5.2%) |
| Median Home Value | $358,390 |
| Average Home Value | $374,106 |
Housing Distribution
Address Breakdown
Residential
18,094
Single Family
17,523
Multi-Family
571
Businesses
393
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Nearby investment properties with comparable prices
Listed by: Desiree Bourgeois • Redfin Corporation
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240071825
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-10-14 08:17:36 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702