38513 Capetown Ct #169Clinton TownshipMI48038
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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 Clinton Township at 38513 Capetown Ct #169, Clinton Township, MI, 48038 generates $1,578/mo in rent and, after a $783/mo payment, leaves $523/mo in cash flow. Total monthly income is $1,578/mo, and annual cash flow is $6,276/yr on $53,037 invested. Return on cash invested sits at 31.74% in year one, and rental yield is 11.84% on a $159,990 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,202 over five years. Five-year ROI reaches 166.93% and total cumulative return in cash sums $88,534. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,578/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48038, Clinton Township, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,703 (100%) |
| Owner Occupied HU | 13,222 (60.9%) |
| Renter Occupied HU | 7,679 (35.4%) |
| Vacant Housing Units | 802 ( 3.7%) |
| Median Home Value | $287,923 |
| Average Home Value | $303,682 |
Housing Distribution
Address Breakdown
Residential
21,528
Single Family
16,319
Multi-Family
5,209
Businesses
1,404
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Listed by: Katherine Shannon • The AMF Group Inc.
Mls Name: MichRIC
Mls ID: #25060862