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    Ranch Condo in Moravian Meadows Title is generated by Realmo AI

    38627 CYPRESS MEADOW Drive, Clinton Township, MI 48036

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    For Sale
    $249,990

    Move-in ready ranch condo with open floor plan and sunroom.

    Type:Condo/Townhome
    Property size:
    1,454 SF
    Price / SF:
    $171/SF
    Added:
    Feb 21, 2025
    Days on Market:
    501
    Last Refresh:
    May 20 at 1:47 am

    Property Features for 38627 CYPRESS MEADOW Drive

    General Information

    Standard status
    Active
    Size
    1,454 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1988

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    Nick G Ottenbacher

    Listing office Brookstone, Realtors LLC

    Listing date Feb 21, 2025

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Brookstone, Realtors LLC

    HighLights

    • Desirable Moravian Meadows Community
    • Ranch Condo with Open Floor Plan
    • Newer Luxury Vinyl Plank Flooring and Fresh Paint
    • Sunroom with Abundant Natural Light
    • First‑Floor Laundry Room with Storage
    • Attached 2‑Car Garage

    Overview

    This ranch condo is located in the Moravian Meadows community. The home features an open floor plan with newer luxury vinyl plank flooring and fresh paint throughout. The spacious living area connects to a sunroom suitable for reading, working out, or enjoying natural light. The home includes 2 bedrooms, including a primary suite with a half bath. There is a spacious kitchen, open dining space, and a large living room. An additional full bath is located down the hall. The first-floor laundry room offers storage. A full, wide-open basement provides customization possibilities. The attached 2-car garage provides storage space. The property size is 1454 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $26.7k $18.36
    − Vacancy −$1.9k −$1.29
    EGI $24.8k $17.07
    − OpEx −$11.2k −$7.68
    NOI $13.7k $9.39
    1,454 SF · lease $18.36/SF/yr · vacancy 7.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $195.1K
    $170.7K – $227.6K (±1% cap)
    NOI $13,655 @ 7.0% cap · market cap 5.46%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $272.2K
    $238.2K – $317.6K (±1% cap)
    NOI $19,055 @ 7.0% cap · market cap 7.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Dental Office Restaurant Spa & Massage Center Hair Salon Law Firm Nail Salon Accounting Firm Skin Care Clinic Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9141606
    Latitude
    42.5831432

    FAQs

    What type of property is this?
    Residential income property - Move-in ready ranch condo with open floor plan and sunroom.
    Where is this residential income property located?
    The property is located at 38627 CYPRESS MEADOW Drive Clinton Township, MI.
    What is the asking price?
    The asking price for this property is $249,990.
    What are key features of this property?
    This property features: Desirable Moravian Meadows Community; Ranch Condo with Open Floor Plan; Newer Luxury Vinyl Plank Flooring and Fresh Paint
    More about this property
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