42238 Highgate CtCantonMI48187
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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
Rental property for sale in Canton at 42238 Highgate Ct, Canton, MI, 48187 generates $2,743/mo in rent and, after a $1,715/mo payment, leaves $423/mo in cash flow. Total monthly income is $2,743/mo, and annual cash flow is $5,082/yr on $116,124 invested. Return on cash invested sits at 24.29% in year one, and rental yield is 9.4% on a $350,300 entry. Equity gained on principal adds $2,260/yr, while 5% annual appreciation builds toward $96,781 over five years. Five-year ROI reaches 126.89% and total cumulative return in cash sums $147,348. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,743/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
7,318 sqft lot
$N/A/sqft
$9 monthly 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
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