104 S Grinnell StJacksonMI49203
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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 Jackson at 104 S Grinnell St, Jackson, MI, 49203 with 5% annual appreciation on a $188,000 basis while $1,996/mo rent supports operations. Total monthly income totals $1,996/mo and a $920/mo payment preserves $756/mo for cash returns. Annual cash flow comes to $9,077/yr on $62,322 deployed, and return on cash invested reaches 34.47% in year one. Equity gained on principal adds $1,213/yr, and five-year appreciation sums $51,941 alongside rental yield of 12.74%. Five-year ROI measures 181.51% and total cumulative return in cash totals $113,120.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,996/mo property income versus a $920/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1906
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49203, Jackson, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,499 (100%) |
| Owner Occupied HU | 10,959 (66.4%) |
| Renter Occupied HU | 4,458 (27.0%) |
| Vacant Housing Units | 1,082 ( 6.6%) |
| Median Home Value | $174,622 |
| Average Home Value | $219,233 |
Housing Distribution
Address Breakdown
Residential
15,844
Single Family
14,913
Multi-Family
931
Businesses
814
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