CLAYTON 361 Northtowne Meadows Plan, Northtowne MeadowsErieMI48133
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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 Erie at CLAYTON 361 Northtowne Meadows Plan, Northtowne Meadows, Erie, MI, 48133 priced at $131,900 pairs $2,098/mo rent with $1,228/mo cash flow after a $646/mo payment. Total monthly income equals $2,098/mo, and annual cash flow comes to $14,733/yr on $43,725 invested. Return on cash invested is 53.6% in year one, and rental yield stands at 19.09% on a $131,900 basis. Equity gained on principal adds $851/yr, and 5% annual appreciation accumulates to $36,442 by year five. Five-year ROI measures 284.07% and total cumulative return in cash reaches $124,211. For financing, Ziffy Mortgage’s DSCR program evaluates $2,098/mo property income against a $646/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48133, Erie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,167 (100%) |
| Owner Occupied HU | 1,767 (81.5%) |
| Renter Occupied HU | 225 (10.4%) |
| Vacant Housing Units | 175 ( 8.1%) |
| Median Home Value | $236,638 |
| Average Home Value | $248,434 |
Housing Distribution
Address Breakdown
Residential
2,474
Single Family
2,474
Multi-Family
0
Businesses
131
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