6993 Morey HwyClaytonMI49235
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 Clayton at 6993 Morey Hwy, Clayton, MI, 49235 offers a 9.12% rental yield on a $170,000 purchase with $1,292/mo rent. Total monthly income registers $1,292/mo, and a $832/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,052/yr on $56,355 to close, and return on cash invested stands at 23.55% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 122.88% and total cumulative return in cash at $69,249. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,292/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1906
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49235, Clayton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 868 (100%) |
| Owner Occupied HU | 701 (80.8%) |
| Renter Occupied HU | 91 (10.5%) |
| Vacant Housing Units | 76 ( 8.8%) |
| Median Home Value | $254,670 |
| Average Home Value | $297,454 |
Housing Distribution
Address Breakdown
Residential
729
Single Family
729
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices