3913 Ravensfield DrCantonMI48188
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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 Canton at 3913 Ravensfield Dr, Canton, MI, 48188 uses $122,655 cash to close to unlock $192/yr annual cash flow and $16/mo monthly cash flow. Total monthly income runs $2,836/mo, and a $1,811/mo payment keeps the spread at $16/mo. Purchase price stands at $369,999, and rental yield measures 9.2% with $2,836/mo rent. Return on cash invested shows 20.07% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 105.54% and total cumulative return in cash records $129,449. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,836/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$380 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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