2381 Lexington Cir SCantonMI48188
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Canton rentals match the income profile of 2381 Lexington Cir S, Canton, MI, 48188. Listed at $389,900, gross rent is $3,328/mo and net cash flow is $756/mo, a 10.24% yield well above national averages. DSCR 1.90 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $107,722 by year five with $3,591/yr in annual principal reduction, projecting $197,285 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 8.2% |
| Monthly Cash Flow | $756 | $850 |
City averages based on Canton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,328 |
| Total Monthly Debt Service | $2,416 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2002
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
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
Condo
Built in 2002
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