345 Oakwood AveClarklakeMI49234
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Clarklake at 345 Oakwood Ave, Clarklake, MI, 49234 offers $3,264/mo rent that, after a $4,821/mo payment. Total monthly income is $3,264/mo. Return on cash invested measures 8.09% in year one, and rental yield stands at 3.98% at a $984,900 entry. Equity gained on principal adds $6,355/yr while 5% annual appreciation compounds into $272,110 by year five. Five-year ROI records 39.98% and total cumulative return in cash reaches $129,555. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,264/mo property income versus a $4,821/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49234, Clarklake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,397 (100%) |
| Owner Occupied HU | 1,033 (73.9%) |
| Renter Occupied HU | 119 ( 8.5%) |
| Vacant Housing Units | 245 (17.5%) |
| Median Home Value | $295,833 |
| Average Home Value | $388,889 |
Housing Distribution
Address Breakdown
Residential
1,287
Single Family
1,287
Multi-Family
0
Businesses
80
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