7869 Hamlet CtCantonMI48187
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
Rental property for sale in Canton at 7869 Hamlet Ct, Canton, MI, 48187 offers $6,163/mo rent that, after a $3,024/mo payment, leaves $2,016/mo cash flow. Total monthly income is $6,163/mo, and annual cash flow is $24,188/yr on $203,289 cash. Return on cash invested measures 31.96% in year one, and rental yield stands at 11.97% at a $617,900 entry. Equity gained on principal adds $3,987/yr while 5% annual appreciation compounds into $170,714 by year five. Five-year ROI records 168.12% and total cumulative return in cash reaches $341,764. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,163/mo property income versus a $3,024/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.46 Acres lot
$N/A/sqft
$875 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48187, Canton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,148 (100%) |
| Owner Occupied HU | 14,461 (68.4%) |
| Renter Occupied HU | 5,520 (26.1%) |
| Vacant Housing Units | 1,167 ( 5.5%) |
| Median Home Value | $341,856 |
| Average Home Value | $384,903 |
Housing Distribution
Address Breakdown
Residential
21,050
Single Family
18,169
Multi-Family
2,881
Businesses
1,577
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