10894 W Grand River AveLowellMI49331
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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 Lowell at 10894 W Grand River Ave, Lowell, MI, 49331 offers a 8.38% rental yield on a $199,900 purchase with $1,396/mo rent. Total monthly income registers $1,396/mo, and a $978/mo payment leaves $78/mo available for distribution. Annual cash flow reaches $938/yr on $66,267 to close, and return on cash invested stands at 21.32% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 111.02% and total cumulative return in cash at $73,573. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,396/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2000
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49331, Lowell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,058 (100%) |
| Owner Occupied HU | 5,833 (82.6%) |
| Renter Occupied HU | 1,025 (14.5%) |
| Vacant Housing Units | 200 ( 2.8%) |
| Median Home Value | $356,764 |
| Average Home Value | $388,759 |
Housing Distribution
Address Breakdown
Residential
7,126
Single Family
6,605
Multi-Family
521
Businesses
398
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