3056 Sheffield CirClarkstonMI48346
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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 Clarkston at 3056 Sheffield Cir, Clarkston, MI, 48346 priced at $564,990 converts $1,602/mo rent into after a $2,765/mo obligation. Total monthly income equals $1,602/mo. Return on cash invested prints 6.35% in year one, and rental yield reads 3.4% against a $564,990 entry. Equity gained on principal adds $3,646/yr, while 5% annual appreciation compiles into $156,096 by year five. Five-year ROI reaches 30.65% and total cumulative return in cash sums $56,964. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,602/mo property income covering a $2,765/mo payment, not borrower’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48346, Clarkston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,154 (100%) |
| Owner Occupied HU | 7,328 (72.2%) |
| Renter Occupied HU | 2,434 (24.0%) |
| Vacant Housing Units | 392 ( 3.9%) |
| Median Home Value | $339,923 |
| Average Home Value | $400,401 |
Housing Distribution
Address Breakdown
Residential
9,816
Single Family
8,744
Multi-Family
1,072
Businesses
726
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