39500 W Warren Rd #203CantonMI48187
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 39500 W Warren Rd #203, Canton, MI, 48187 in Canton deserves attention. This $107,900 property earns $2,491/mo in rent, a 27.71% gross yield, and nets $1,780/mo after the $485/mo payment. DSCR 5.14 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $29,811 compounds alongside $994/yr in yearly equity build, for a total cumulative return of $155,636.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 27.7% | 8.2% |
| Monthly Cash Flow | $1,780 | $850 |
City averages based on Canton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,491 |
| Total Monthly Debt Service | $669 |
| DSCR Ratio | 3.73x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48187, Canton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,148 (100%) |
| Owner Occupied HU | 14,461 (68.4%) |
| Renter Occupied HU | 5,520 (26.1%) |
| Vacant Housing Units | 1,167 ( 5.5%) |
| Median Home Value | $341,856 |
| Average Home Value | $384,903 |
Housing Distribution
Address Breakdown
Residential
21,050
Single Family
18,169
Multi-Family
2,881
Businesses
1,577
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48187, Canton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,148 (100%) |
| Owner Occupied HU | 14,461 (68.4%) |
| Renter Occupied HU | 5,520 (26.1%) |
| Vacant Housing Units | 1,167 ( 5.5%) |
| Median Home Value | $341,856 |
| Average Home Value | $384,903 |
Housing Distribution
Address Breakdown
Residential
21,050
Single Family
18,169
Multi-Family
2,881
Businesses
1,577
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices