Bedford Plan, The Corners at Cherry GlenMacombMI48044
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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 Macomb at Bedford Plan, The Corners at Cherry Glen, Macomb, MI, 48044 priced at $477,990 converts $1,716/mo rent into after a $2,340/mo obligation. Total monthly income equals $1,716/mo. Return on cash invested prints 9.03% in year one, and rental yield reads 4.31% against a $477,990 entry. Equity gained on principal adds $3,084/yr, while 5% annual appreciation compiles into $132,060 by year five. Five-year ROI reaches 45.04% and total cumulative return in cash sums $71,374. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,716/mo property income covering a $2,340/mo payment, not borrower’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48044, Macomb, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,325 (100%) |
| Owner Occupied HU | 18,201 (89.5%) |
| Renter Occupied HU | 1,855 ( 9.1%) |
| Vacant Housing Units | 269 ( 1.3%) |
| Median Home Value | $352,340 |
| Average Home Value | $355,760 |
Housing Distribution
Address Breakdown
Residential
20,629
Single Family
20,025
Multi-Family
604
Businesses
434
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