678 Kings WayCantonMI48188
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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 678 Kings Way, Canton, MI, 48188 priced at $379,000 converts $3,589/mo rent into $1,090/mo cash flow after a $1,855/mo obligation. Total monthly income equals $3,589/mo, and annual cash flow totals $13,076/yr on $125,639 invested. Return on cash invested prints 30.32% in year one, and rental yield reads 11.36% against a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation compiles into $104,711 by year five. Five-year ROI reaches 159.19% and total cumulative return in cash sums $200,003. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,589/mo property income covering a $1,855/mo payment, not borrower’s personal income.
Single Family
Built in 1983
7,405 sqft 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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