38543 Cheldon StClinton 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
Investment property for sale in Clinton Township at 38543 Cheldon St, Clinton Township, MI, 48038 uses $122,622 cash to close to unlock $1,118/yr annual cash flow and $93/mo monthly cash flow. Total monthly income runs $2,532/mo, and a $1,810/mo payment keeps the spread at $93/mo. Purchase price stands at $369,900, and rental yield measures 8.21% with $2,532/mo rent. Return on cash invested shows 20.82% in year one, and 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 108.29% and total cumulative return in cash records $132,790. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,532/mo property income covering a $1,810/mo payment rather than investor’s personal income.
Single Family
Built in 1978
9,583 sqft 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: Bernard Shamow • EXP Realty Main
Mls Name: Realcomp II
Mls ID: #20251050022