705 S Chocolay AveClawsonMI48017
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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
Investment property for sale in Clawson at 705 S Chocolay Ave, Clawson, MI, 48017 offers a 8.49% rental yield on a $245,900 purchase with $1,740/mo rent. Total monthly income registers $1,740/mo, and a $1,204/mo payment leaves $118/mo available for distribution. Annual cash flow reaches $1,416/yr on $81,516 to close, and return on cash invested stands at 21.65% in year one. Equity gained on principal adds $1,587/yr while 5% annual appreciation supports $67,938 over five years. Portfolio math shows five-year ROI at 112.68% and total cumulative return in cash at $91,855. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,740/mo property income against a $1,204/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48017, Clawson, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,875 (100%) |
| Owner Occupied HU | 4,389 (74.7%) |
| Renter Occupied HU | 1,325 (22.6%) |
| Vacant Housing Units | 161 ( 2.7%) |
| Median Home Value | $264,906 |
| Average Home Value | $314,004 |
Housing Distribution
Address Breakdown
Residential
5,744
Single Family
4,944
Multi-Family
800
Businesses
479
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Listed by: Larry A. Gallo • Real Estate One Chesterfield
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50164852
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