6947 Stonewood PlIndependenceMI48346
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
Investment property for sale in Independence at 6947 Stonewood Pl, Independence, MI, 48346 earns $410/mo cash flow from $3,520/mo rent with a $2,308/mo payment. Total monthly income totals $3,520/mo, and annual cash flow totals $4,925/yr on $156,302 capital. ROI tracks 23.06% on current figures, and rental yield reads 8.96% at a $471,500 purchase. Equity gained on principal adds $3,043/yr, and 5% annual appreciation supports $130,267 over five years. Five-year ROI reaches 120.28% and total cumulative return in cash sums $188,004. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,520/mo property income instead of your personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48346, Clarkston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,154 (100%) |
| Owner Occupied HU | 7,328 (72.2%) |
| Renter Occupied HU | 2,434 (24.0%) |
| Vacant Housing Units | 392 ( 3.9%) |
| Median Home Value | $339,923 |
| Average Home Value | $400,401 |
Housing Distribution
Address Breakdown
Residential
9,816
Single Family
8,744
Multi-Family
1,072
Businesses
726
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A