9043 Morning Mist DrClarkstonMI48348
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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 Clarkston at 9043 Morning Mist Dr, Clarkston, MI, 48348 offers a 11.45% rental yield on a $717,300 purchase with $6,846/mo rent. Total monthly income registers $6,846/mo, and a $3,511/mo payment leaves $2,103/mo available for distribution. Annual cash flow reaches $25,231/yr on $235,992 to close, and return on cash invested stands at 30.75% in year one. Equity gained on principal adds $4,629/yr while 5% annual appreciation supports $198,177 over five years. Portfolio math shows five-year ROI at 161.52% and total cumulative return in cash at $381,167. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,846/mo property income against a $3,511/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
0.63 Acres lot
$N/A/sqft
$13 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48348, Clarkston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,379 (100%) |
| Owner Occupied HU | 8,668 (92.4%) |
| Renter Occupied HU | 426 ( 4.5%) |
| Vacant Housing Units | 285 ( 3.0%) |
| Median Home Value | $455,248 |
| Average Home Value | $478,258 |
Housing Distribution
Address Breakdown
Residential
9,569
Single Family
9,091
Multi-Family
478
Businesses
206
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