3418 Palms RdCascoMI48064
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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 Casco at 3418 Palms Rd, Casco, MI, 48064 offers a 11.88% rental yield on a $247,300 purchase with $2,448/mo rent. Total monthly income registers $2,448/mo, and a $1,210/mo payment leaves $818/mo available for distribution. Annual cash flow reaches $9,811/yr on $81,980 to close, and return on cash invested stands at 31.88% in year one. Equity gained on principal adds $1,596/yr while 5% annual appreciation supports $68,324 over five years. Portfolio math shows five-year ROI at 167.56% and total cumulative return in cash at $137,366. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,448/mo property income against a $1,210/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48064, Casco, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,712 (100%) |
| Owner Occupied HU | 1,553 (90.7%) |
| Renter Occupied HU | 115 ( 6.7%) |
| Vacant Housing Units | 44 ( 2.6%) |
| Median Home Value | $291,802 |
| Average Home Value | $299,007 |
Housing Distribution
Address Breakdown
Residential
1,741
Single Family
1,309
Multi-Family
432
Businesses
53
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