Clayton Wakarusa 170 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
Investment property for sale in Erie at Clayton Wakarusa 170 Northtowne Meadows Plan, Northtowne Meadows, Erie, MI, 48133 with 5% annual appreciation on a $163,900 basis while $1,251/mo rent supports operations. Total monthly income totals $1,251/mo and a $802/mo payment preserves $170/mo for cash returns. Annual cash flow comes to $2,044/yr on $54,333 deployed, and return on cash invested reaches 23.67% in year one. Equity gained on principal adds $1,058/yr, and five-year appreciation sums $45,283 alongside rental yield of 9.16%. Five-year ROI measures 123.62% and total cumulative return in cash totals $67,166.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,251/mo property income versus a $802/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2025
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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