4340 Elmdale AveClarkstonMI48346
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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 Clarkston at 4340 Elmdale Ave, Clarkston, MI, 48346 uses $84,533 cash to close to unlock $8,250/yr annual cash flow and $688/mo monthly cash flow. Total monthly income runs $2,369/mo, and a $1,248/mo payment keeps the spread at $688/mo. Purchase price stands at $255,000, and rental yield measures 11.15% with $2,369/mo rent. Return on cash invested shows 29.67% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 155.74% and total cumulative return in cash records $131,648. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,369/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48346, Clarkston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,154 (100%) |
| Owner Occupied HU | 7,328 (72.2%) |
| Renter Occupied HU | 2,434 (24.0%) |
| Vacant Housing Units | 392 ( 3.9%) |
| Median Home Value | $339,923 |
| Average Home Value | $400,401 |
Housing Distribution
Address Breakdown
Residential
9,816
Single Family
8,744
Multi-Family
1,072
Businesses
726
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