10631 Gracie Ln #6PortageMI49024
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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
Total monthly income runs $2,312/mo, and a $1,894/mo payment. Purchase price stands at $387,000, and rental yield measures 7.17% with $2,312/mo rent. Return on cash invested shows 14.91% in year one, and 5% annual appreciation builds toward $106,921 over five years. Five-year ROI reaches 77.57% and total cumulative return in cash records $99,518. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,312/mo property income covering a $1,894/mo payment rather than investor’s personal income.
Condo
Built in 2019
N/A lot
$N/A/sqft
$295 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49024, Portage, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,522 (100%) |
| Owner Occupied HU | 8,953 (66.2%) |
| Renter Occupied HU | 3,895 (28.8%) |
| Vacant Housing Units | 674 ( 5.0%) |
| Median Home Value | $300,516 |
| Average Home Value | $336,610 |
Housing Distribution
Address Breakdown
Residential
13,102
Single Family
11,134
Multi-Family
1,968
Businesses
800
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