407 N Willard RdCantonMI48187
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
Investment Highlights
Rental property for sale in Canton at 407 N Willard Rd, Canton, MI, 48187 priced at $381,500 converts $3,444/mo rent into $928/mo cash flow after a $1,867/mo obligation. Total monthly income equals $3,444/mo, and annual cash flow totals $11,141/yr on $126,467 invested. Return on cash invested prints 28.72% in year one, and rental yield reads 10.83% against a $381,500 entry. Equity gained on principal adds $2,462/yr, while 5% annual appreciation compiles into $105,401 by year five. Five-year ROI reaches 150.63% and total cumulative return in cash sums $190,492. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,444/mo property income covering a $1,867/mo payment, not borrower’s personal income.
Single Family
Built in 1991
7,840 sqft 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