1018 Candela LnGrand LedgeMI48837
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Grand Ledge at 1018 Candela Ln, Grand Ledge, MI, 48837 uses $110,058 cash to close to unlock $1,399/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $2,306/mo, and a $1,625/mo payment keeps the spread at $117/mo. Purchase price stands at $332,000, and rental yield measures 8.33% with $2,306/mo rent. Return on cash invested shows 21.18% in year one, and 5% annual appreciation builds toward $91,725 over five years. Five-year ROI reaches 110.2% and total cumulative return in cash records $121,287. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,306/mo property income covering a $1,625/mo payment rather than investor’s personal income.
Single Family
Built in 1994
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48837, Grand Ledge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,621 (100%) |
| Owner Occupied HU | 6,536 (75.8%) |
| Renter Occupied HU | 1,671 (19.4%) |
| Vacant Housing Units | 414 ( 4.8%) |
| Median Home Value | $275,513 |
| Average Home Value | $291,297 |
Housing Distribution
Address Breakdown
Residential
8,396
Single Family
7,745
Multi-Family
651
Businesses
503
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bruce Carpenter • HOMEDATION Realty
Mls Name: Greater Lansing AOR
Mls ID: #289886