22948 E Schafer StClinton TownshipMI48035
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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
Investment property for sale in Clinton Township at 22948 E Schafer St, Clinton Township, MI, 48035 earns $503/mo cash flow from $1,986/mo rent with a $1,101/mo payment. Total monthly income totals $1,986/mo, and annual cash flow totals $6,032/yr on $74,554 capital. ROI tracks 28% on current figures, and rental yield reads 10.6% at a $224,900 purchase. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 over five years. Five-year ROI reaches 146.78% and total cumulative return in cash sums $109,429. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,986/mo property income instead of your personal income.
Single Family
Built in 1956
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48035, Clinton Township, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,350 (100%) |
| Owner Occupied HU | 9,516 (62.0%) |
| Renter Occupied HU | 5,171 (33.7%) |
| Vacant Housing Units | 663 ( 4.3%) |
| Median Home Value | $202,430 |
| Average Home Value | $228,280 |
Housing Distribution
Address Breakdown
Residential
15,345
Single Family
12,797
Multi-Family
2,548
Businesses
940
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Listed by: Jennifer Hemstrom • Thrive Realty Company
Mls Name: Realcomp II
Mls ID: #20251039532