45862 S Stonewood Rd #218CantonMI48187
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 45862 S Stonewood Rd #218, Canton, MI, 48187 uses $82,875 cash to close to unlock $13,212/yr annual cash flow and $1,101/mo monthly cash flow. Total monthly income runs $2,750/mo, and a $1,224/mo payment keeps the spread at $1,101/mo. Purchase price stands at $250,000, and rental yield measures 13.2% with $2,750/mo rent. Return on cash invested shows 35.85% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 188.86% and total cumulative return in cash records $156,514. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,750/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Townhouse
Built in 2005
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices