42572 Schienle LnClinton 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 42572 Schienle Ln, Clinton Township, MI, 48038 offers a 14.18% rental yield on a $245,000 purchase with $2,896/mo rent. Total monthly income registers $2,896/mo, and a $1,199/mo payment leaves $1,281/mo available for distribution. Annual cash flow reaches $15,366/yr on $81,218 to close, and return on cash invested stands at 38.83% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 204.84% and total cumulative return in cash at $166,368. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,896/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1992
N/A 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: David Fekin • Jim Saros Real Estate Services
Mls Name: Realcomp II
Mls ID: #20251035990