38612 Wingate DrClinton 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 38612 Wingate Dr, Clinton Township, MI, 48038 earns $316/mo cash flow from $2,558/mo rent with a $1,664/mo payment. Total monthly income totals $2,558/mo, and annual cash flow totals $3,792/yr on $112,710 capital. ROI tracks 23.27% on current figures, and rental yield reads 9.03% at a $340,000 purchase. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,936 over five years. Five-year ROI reaches 121.4% and total cumulative return in cash sums $136,830. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,558/mo property income instead of your personal income.
Single Family
Built in 1977
7,405 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: Jessica Carter • Keller Williams Ann Arbor Mrkt
Mls Name: MichRIC
Mls ID: #26000511