42743 Sheldon Pl APT 107Clinton 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 42743 Sheldon Pl APT 107, Clinton Township, MI, 48038 listed at $105,000 pairs $811/mo rent with a $514/mo payment to leave $119/mo cash flow. Total monthly income runs $811/mo, and annual cash flow reaches $1,422/yr on $34,808 cash to close. Return on cash invested measures 23.99% in year one, and rental yield registers 9.27% at a $105,000 basis. Equity gained on principal adds $678/yr, and annual property appreciation at 5% supports $29,010 by year five. Five-year ROI tracks 125.36% and total cumulative return in cash totals $43,634. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $811/mo property income relative to a $514/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1979
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: Marnie L Ickes • Realty Executives Home Towne Chesterfield
Mls Name: MiRealSource
Mls ID: #50189452