48990 5th AveCantonMI48188
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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
Rental property for sale in Canton at 48990 5th Ave, Canton, MI, 48188 generates $4,114/mo in rent and, after a $2,520/mo payment, leaves $677/mo in cash flow. Total monthly income is $4,114/mo, and annual cash flow is $8,124/yr on $169,402 invested. Return on cash invested sits at 24.86% in year one, and rental yield is 9.59% on a $514,900 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation builds toward $142,257 over five years. Five-year ROI reaches 129.97% and total cumulative return in cash sums $220,170. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,114/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
0.30 Acres lot
$N/A/sqft
$500 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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Listed by: Mike Nehme • Keller Williams Legacy
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240076617
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-10-14 08:17:36 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702