680 Leveque CirCarletonMI48117
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 680 Leveque Cir, Carleton, MI, 48117 in Carleton: $1,892/mo in rent, $345/mo in net income, 10.56% gross yield, 1.96 DSCR, all at $215,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $59,401 in appreciation and $1,980/yr in principal paydown projects total cumulative return of $112,432.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 7.5% |
| Monthly Cash Flow | $345 | $350 |
City averages based on Carleton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,892 |
| Total Monthly Debt Service | $1,332 |
| DSCR Ratio | 1.42x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1950
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48117, Carleton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,502 (100%) |
| Owner Occupied HU | 3,873 (86.0%) |
| Renter Occupied HU | 391 ( 8.7%) |
| Vacant Housing Units | 238 ( 5.3%) |
| Median Home Value | $324,962 |
| Average Home Value | $366,736 |
Housing Distribution
Address Breakdown
Residential
4,262
Single Family
4,193
Multi-Family
69
Businesses
187
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
Single Family
Built in 1950
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48117, Carleton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,502 (100%) |
| Owner Occupied HU | 3,873 (86.0%) |
| Renter Occupied HU | 391 ( 8.7%) |
| Vacant Housing Units | 238 ( 5.3%) |
| Median Home Value | $324,962 |
| Average Home Value | $366,736 |
Housing Distribution
Address Breakdown
Residential
4,262
Single Family
4,193
Multi-Family
69
Businesses
187
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices