88 Gibbs StMount ClemensMI48043
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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 Mount Clemens at 88 Gibbs St, Mount Clemens, MI, 48043 offers $2,272/mo rent that, after a $1,419/mo payment, leaves $360/mo cash flow. Total monthly income is $2,272/mo, and annual cash flow is $4,322/yr on $96,102 cash. Return on cash invested measures 24.41% in year one, and rental yield stands at 9.4% at a $289,900 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,094 by year five. Five-year ROI records 127.54% and total cumulative return in cash reaches $122,565. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,272/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48043, Mount Clemens, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,435 (100%) |
| Owner Occupied HU | 4,080 (54.9%) |
| Renter Occupied HU | 2,965 (39.9%) |
| Vacant Housing Units | 390 ( 5.2%) |
| Median Home Value | $224,842 |
| Average Home Value | $264,575 |
Housing Distribution
Address Breakdown
Residential
7,126
Single Family
6,151
Multi-Family
975
Businesses
857
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Listed by: Tammy Springer • Berkshire Hathaway HomeServices Kee Realty SCS
Mls Name: Realcomp II
Mls ID: #20221058717