316 Carom Cir #58MasonMI48854
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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 Mason at 316 Carom Cir #58, Mason, MI, 48854 uses $55,626 cash to close to unlock $2,553/yr annual cash flow and $213/mo monthly cash flow. Total monthly income runs $1,499/mo, and a $821/mo payment keeps the spread at $213/mo. Purchase price stands at $167,800, and rental yield measures 10.72% with $1,499/mo rent. Return on cash invested shows 24.5% in year one, and 5% annual appreciation builds toward $46,360 over five years. Five-year ROI reaches 129.4% and total cumulative return in cash records $71,978. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,499/mo property income covering a $821/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$180 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48854, Mason, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,950 (100%) |
| Owner Occupied HU | 6,261 (78.8%) |
| Renter Occupied HU | 1,385 (17.4%) |
| Vacant Housing Units | 304 ( 3.8%) |
| Median Home Value | $265,466 |
| Average Home Value | $287,694 |
Housing Distribution
Address Breakdown
Residential
8,001
Single Family
7,459
Multi-Family
542
Businesses
509
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