2304 Cleveland WayCantonMI48188
Nearby investment properties with comparable rents
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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 Canton at 2304 Cleveland Way, Canton, MI, 48188 earns $322/mo cash flow from $3,444/mo rent with a $2,007/mo payment. Total monthly income totals $3,444/mo, and annual cash flow totals $3,864/yr on $135,915 capital. ROI tracks 22.75% on current figures, and rental yield reads 10.08% at a $410,000 purchase. Equity gained on principal adds $2,646/yr, and 5% annual appreciation supports $113,275 over five years. Five-year ROI reaches 119.94% and total cumulative return in cash sums $163,019. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,444/mo property income instead of your personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$418 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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