23648 Cottrell 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
Rental property for sale in Clinton Township at 23648 Cottrell St, Clinton Township, MI, 48035 generates $985/mo in rent and, after a $636/mo payment, leaves $128/mo in cash flow. Total monthly income is $985/mo, and annual cash flow is $1,538/yr on $43,062 invested. Return on cash invested sits at 23.48% in year one, and rental yield is 9.1% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 122.6% and total cumulative return in cash sums $52,795. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $985/mo property income rather than buyer’s personal income.
Condo
Built in 1994
N/A 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: Katrina Showers • Metropolitan Real Estate Group
Mls Name: Realcomp II
Mls ID: #20251028353