2322 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 2322 Arcadia Dr, Canton, MI, 48188 listed at $247,000 pairs $2,299/mo rent with a $1,209/mo payment to leave $670/mo cash flow. Total monthly income runs $2,299/mo, and annual cash flow reaches $8,041/yr on $81,881 cash to close. Return on cash invested measures 29.73% in year one, and rental yield registers 11.17% at a $247,000 basis. Equity gained on principal adds $1,594/yr, and annual property appreciation at 5% supports $68,242 by year five. Five-year ROI tracks 156.09% and total cumulative return in cash totals $127,804. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,299/mo property income relative to a $1,209/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices