26740 Canterbury CirNew BostonMI48164
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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 New Boston at 26740 Canterbury Cir, New Boston, MI, 48164 generates $1,307/mo in rent, after a $1,615/mo payment. Total monthly income is $1,307/mo. Return on cash invested sits at 10.38% in year one, and rental yield is 4.75% on a $329,990 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,170 over five years. Five-year ROI reaches 52.3% and total cumulative return in cash sums $57,211. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,307/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48164, New Boston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 3,244 (88.9%) |
| Renter Occupied HU | 275 ( 7.5%) |
| Vacant Housing Units | 131 ( 3.6%) |
| Median Home Value | $331,699 |
| Average Home Value | $334,306 |
Housing Distribution
Address Breakdown
Residential
3,822
Single Family
3,822
Multi-Family
0
Businesses
197
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Listed by: Ian Hancke • Hub, LLC
Mls Name: MichRIC
Mls ID: #25040291