23 Ferrin PlMount ClemensMI48043
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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
Rental property for sale in Mount Clemens at 23 Ferrin Pl, Mount Clemens, MI, 48043 priced at $258,500 pairs $1,846/mo rent with $142/mo cash flow after a $1,265/mo payment. Total monthly income equals $1,846/mo, and annual cash flow comes to $1,699/yr on $85,693 invested. Return on cash invested is 21.89% in year one, and rental yield stands at 8.57% on a $258,500 basis. Equity gained on principal adds $1,668/yr, and 5% annual appreciation accumulates to $71,419 by year five. Five-year ROI measures 114.02% and total cumulative return in cash reaches $97,707. For financing, Ziffy Mortgage’s DSCR program evaluates $1,846/mo property income against a $1,265/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1917
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48043, Mount Clemens, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,435 (100%) |
| Owner Occupied HU | 4,080 (54.9%) |
| Renter Occupied HU | 2,965 (39.9%) |
| Vacant Housing Units | 390 ( 5.2%) |
| Median Home Value | $224,842 |
| Average Home Value | $264,575 |
Housing Distribution
Address Breakdown
Residential
7,126
Single Family
6,151
Multi-Family
975
Businesses
857
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Listed by: James Keefer • Vantage Realty Group, LLC
Mls Name: MichRIC
Mls ID: #25059802