641 Point DrClareMI48617
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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 Clare at 641 Point Dr, Clare, MI, 48617 offers a 8.22% rental yield on a $234,900 purchase with $1,609/mo rent. Total monthly income registers $1,609/mo, and a $1,150/mo payment leaves $60/mo available for distribution. Annual cash flow reaches $716/yr on $77,869 to close, and return on cash invested stands at 20.83% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,899 over five years. Portfolio math shows five-year ROI at 108.32% and total cumulative return in cash at $84,345. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,609/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48617, Clare, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,908 (100%) |
| Owner Occupied HU | 2,605 (66.7%) |
| Renter Occupied HU | 941 (24.1%) |
| Vacant Housing Units | 362 ( 9.3%) |
| Median Home Value | $181,828 |
| Average Home Value | $248,567 |
Housing Distribution
Address Breakdown
Residential
3,741
Single Family
3,484
Multi-Family
257
Businesses
468
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