703 Maple StClareMI48617
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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
Rental property for sale in Clare at 703 Maple St, Clare, MI, 48617 priced at $149,900 converts $1,129/mo rent into $140/mo cash flow after a $734/mo obligation. Total monthly income equals $1,129/mo, and annual cash flow totals $1,682/yr on $49,692 invested. Return on cash invested prints 23.29% in year one, and rental yield reads 9.04% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 121.63% and total cumulative return in cash sums $60,443. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,129/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in N/A
7,405 sqft 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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