109 State StGraylingMI49738
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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 Grayling at 109 State St, Grayling, MI, 49738 uses $41,106 cash to close to unlock $1,586/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $950/mo, and a $607/mo payment keeps the spread at $132/mo. Purchase price stands at $124,000, and rental yield measures 9.19% with $950/mo rent. Return on cash invested shows 23.77% in year one, and 5% annual appreciation builds toward $34,259 over five years. Five-year ROI reaches 124.16% and total cumulative return in cash records $51,039. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $950/mo property income covering a $607/mo payment rather than investor’s personal income.
Single Family
Built in N/A
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49738, Grayling, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 3,339 (46.4%) |
| Renter Occupied HU | 818 (11.4%) |
| Vacant Housing Units | 3,044 (42.3%) |
| Median Home Value | $174,820 |
| Average Home Value | $221,874 |
Housing Distribution
Address Breakdown
Residential
4,675
Single Family
4,510
Multi-Family
165
Businesses
419
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