23342 Grandy 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 23342 Grandy St, Clinton Township, MI, 48035 uses $112,710 cash to close to unlock $8,076/yr annual cash flow and $673/mo monthly cash flow. Total monthly income runs $2,915/mo, and a $1,664/mo payment keeps the spread at $673/mo. Purchase price stands at $340,000, and rental yield measures 10.29% with $2,915/mo rent. Return on cash invested shows 27.07% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 141.79% and total cumulative return in cash records $159,810. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,915/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 2007
6,534 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: Robert J Herzog • REALTEAM Real Estate
Mls Name: Realcomp II
Mls ID: #20261003096