3241 E Frances RdClioMI48420
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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 Clio at 3241 E Frances Rd, Clio, MI, 48420 offers a 8.05% rental yield on a $200,000 purchase with $1,342/mo rent. Total monthly income registers $1,342/mo, and a $979/mo payment leaves $23/mo available for distribution. Annual cash flow reaches $276/yr on $66,300 to close, and return on cash invested stands at 20.33% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 105.6% and total cumulative return in cash at $70,016. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,342/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48420, Clio, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,920 (100%) |
| Owner Occupied HU | 6,965 (78.1%) |
| Renter Occupied HU | 1,578 (17.7%) |
| Vacant Housing Units | 377 ( 4.2%) |
| Median Home Value | $206,485 |
| Average Home Value | $227,094 |
Housing Distribution
Address Breakdown
Residential
9,173
Single Family
8,925
Multi-Family
248
Businesses
527
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