10272 N Cochran RdGrand LedgeMI48837
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 10272 N Cochran Rd, Grand Ledge, MI, 48837 in Grand Ledge speaks for itself: 12.34% gross on a $210,000 price, generating $2,159/mo in rent and $774/mo in net income after the $944/mo debt service. DSCR 2.29, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $9,287 stacks alongside $58,019 in projected five-year appreciation and $1,934/yr in principal reduction. Projected total cumulative return: $129,847.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.3% | 8.2% |
| Monthly Cash Flow | $774 | $350 |
City averages based on Grand Ledge market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,159 |
| Total Monthly Debt Service | $1,301 |
| DSCR Ratio | 1.66x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1910
1.23 Acres 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
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
Single Family
Built in 1910
1.23 Acres 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: Sally Magoon • WEICHERT, REALTORS- Emerald Properties
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #282858
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS