98 N Gratiot AveMount ClemensMI48043
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
Investment property for sale in Mount Clemens at 98 N Gratiot Ave, Mount Clemens, MI, 48043 at $175,000 posts ROI 20.35% with $22/mo cash flow from $1,176/mo rent. Total monthly income equals $1,176/mo, and annual cash flow records $258/yr on $58,013 to close. Return on cash invested measures 20.35% and rental yield reads 8.06% at the current $175,000. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 by year five. Five-year ROI prints 105.8% and total cumulative return in cash totals $61,375.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,176/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2005
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jim Shaffer • Good Company
Mls Name: Realcomp II
Mls ID: #20251060516