1009 Cambry CirGrass LakeMI49240
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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 Grass Lake at 1009 Cambry Cir, Grass Lake, MI, 49240 offers a 9.57% rental yield on a $131,999 purchase with $1,053/mo rent. Total monthly income registers $1,053/mo, and a $646/mo payment leaves $183/mo available for distribution. Annual cash flow reaches $2,191/yr on $43,758 to close, and return on cash invested stands at 24.92% in year one. Equity gained on principal adds $852/yr while 5% annual appreciation supports $36,469 over five years. Portfolio math shows five-year ROI at 130.25% and total cumulative return in cash at $56,994. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,053/mo property income against a $646/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in 2001
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49240, Grass Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,858 (100%) |
| Owner Occupied HU | 3,252 (84.3%) |
| Renter Occupied HU | 289 ( 7.5%) |
| Vacant Housing Units | 317 ( 8.2%) |
| Median Home Value | $321,804 |
| Average Home Value | $356,895 |
Housing Distribution
Address Breakdown
Residential
3,700
Single Family
3,700
Multi-Family
0
Businesses
133
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