482 Torrington Dr WCantonMI48188
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
Rental property for sale in Canton at 482 Torrington Dr W, Canton, MI, 48188 priced at $719,900 pairs $4,450/mo rent with after a $3,524/mo payment. Total monthly income equals $4,450/mo. Return on cash invested is 18.27% in year one, and rental yield stands at 7.42% on a $719,900 basis. Equity gained on principal adds $4,645/yr, and 5% annual appreciation accumulates to $198,895 by year five. Five-year ROI measures 94.66% and total cumulative return in cash reaches $224,195. For financing, Ziffy Mortgage’s DSCR program evaluates $4,450/mo property income against a $3,524/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
0.30 Acres lot
$N/A/sqft
$662 annually 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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