3547 Park Creek LnCantonMI48188
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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 Canton at 3547 Park Creek Ln, Canton, MI, 48188 priced at $489,655 converts $5,563/mo rent into $2,086/mo cash flow after a $2,397/mo obligation. Total monthly income equals $5,563/mo, and annual cash flow totals $25,027/yr on $162,321 invested. Return on cash invested prints 35.33% in year one, and rental yield reads 13.63% against a $489,655 entry. Equity gained on principal adds $3,160/yr, while 5% annual appreciation compiles into $135,283 by year five. Five-year ROI reaches 186.73% and total cumulative return in cash sums $303,096. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,563/mo property income covering a $2,397/mo payment, not borrower’s personal income.
Single Family
Built in 2024
4,500 sqft lot
$N/A/sqft
$248 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48188, Canton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,500 (100%) |
| Owner Occupied HU | 14,480 (78.3%) |
| Renter Occupied HU | 3,060 (16.5%) |
| Vacant Housing Units | 960 ( 5.2%) |
| Median Home Value | $358,390 |
| Average Home Value | $374,106 |
Housing Distribution
Address Breakdown
Residential
18,094
Single Family
17,523
Multi-Family
571
Businesses
393
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Listed by: Scott Fader • M/I Homes of Michigan, LLC
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240048874
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-13 18:21:49 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702