11056 Greer DrRichlandMI49083
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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 Richland at 11056 Greer Dr, Richland, MI, 49083 uses $107,738 cash to close to unlock $4,830/yr annual cash flow and $403/mo monthly cash flow. Total monthly income runs $2,546/mo, and a $1,591/mo payment keeps the spread at $403/mo. Purchase price stands at $325,000, and rental yield measures 9.4% with $2,546/mo rent. Return on cash invested shows 24.39% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 127.43% and total cumulative return in cash records $137,293. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,546/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1976
4.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49083, Richland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,673 (100%) |
| Owner Occupied HU | 2,924 (79.6%) |
| Renter Occupied HU | 443 (12.1%) |
| Vacant Housing Units | 306 ( 8.3%) |
| Median Home Value | $365,950 |
| Average Home Value | $516,858 |
Housing Distribution
Address Breakdown
Residential
3,380
Single Family
3,296
Multi-Family
84
Businesses
281
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