Cove Plan, Canterbury GardensNew BostonMI48164
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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 New Boston at Cove Plan, Canterbury Gardens, New Boston, MI, 48164 uses $102,434 cash to close to unlock $7,424/yr annual cash flow and $619/mo monthly cash flow. Total monthly income runs $2,656/mo, and a $1,512/mo payment keeps the spread at $619/mo. Purchase price stands at $309,000, and rental yield measures 10.31% with $2,656/mo rent. Return on cash invested shows 27.16% in year one, and 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 142.25% and total cumulative return in cash records $145,709. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,656/mo property income covering a $1,512/mo payment rather than investor’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48164, New Boston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 3,244 (88.9%) |
| Renter Occupied HU | 275 ( 7.5%) |
| Vacant Housing Units | 131 ( 3.6%) |
| Median Home Value | $331,699 |
| Average Home Value | $334,306 |
Housing Distribution
Address Breakdown
Residential
3,822
Single Family
3,822
Multi-Family
0
Businesses
197
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Listed by: N/A • Infinity Homes & Co
Mls Name: Infinity Homes & Co
Mls Provider:
Mls ID: #N/A