23233 Lakewood St, Clinton Township, MI, 48035 | $490/mo Cash Flow

Recently Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1575 sft

7134 Marsh Rd, Cottrellville, MI, 48039

3 Bed
2 Bath
2200 sft

320 N Batchewana St, Clawson, MI, 48017

3 Bed
2 Bath
2040 sft

1212 Amelia Ave, Royal Oak, MI, 48073

3 Bed
2 Bath
1700 sft

26724 Linwood St, Roseville, MI, 48066

Nearby investment properties with comparable prices

3 Bed
3 Bath
1637 sft

702 Royal Ave, Royal Oak, MI, 48073

4 Bed
2 Bath
2180 sft

32430 Tecla Dr, Warren, MI, 48088

4 Bed
2 Bath
2014 sft

2362 Walter Ave, Warren, MI, 48092

3 Bed
2 Bath
1490 sft

8725 Roman Dr, Sterling Heights, MI, 48312

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Clinton Township at 23233 Lakewood St, Clinton Township, MI, 48035 offers a 9.57% rental yield on a $355,500 purchase with $2,834/mo rent. Total monthly income registers $2,834/mo, and a $1,740/mo payment leaves $490/mo available for distribution. Annual cash flow reaches $5,876/yr on $117,848 to close, and return on cash invested stands at 24.89% in year one. Equity gained on principal adds $2,294/yr while 5% annual appreciation supports $98,218 over five years. Portfolio math shows five-year ROI at 130.11% and total cumulative return in cash at $153,337. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,834/mo property income against a $1,740/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2018

8,712 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