43846 Cherry Grove Ct ECantonMI48188
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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 Canton at 43846 Cherry Grove Ct E, Canton, MI, 48188 uses $109,362 cash to close to unlock $3,446/yr annual cash flow and $287/mo monthly cash flow. Total monthly income runs $2,463/mo, and a $1,615/mo payment keeps the spread at $287/mo. Purchase price stands at $329,900, and rental yield measures 8.96% with $2,463/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 120.3% and total cumulative return in cash records $131,559. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,463/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Townhouse
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48188, Canton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,500 (100%) |
| Owner Occupied HU | 14,480 (78.3%) |
| Renter Occupied HU | 3,060 (16.5%) |
| Vacant Housing Units | 960 ( 5.2%) |
| Median Home Value | $358,390 |
| Average Home Value | $374,106 |
Housing Distribution
Address Breakdown
Residential
18,094
Single Family
17,523
Multi-Family
571
Businesses
393
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