112 S Grant StPortlandMI48875
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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 Portland at 112 S Grant St, Portland, MI, 48875 uses $94,478 cash to close to unlock $9,186/yr annual cash flow and $766/mo monthly cash flow. Total monthly income runs $2,645/mo, and a $1,395/mo payment keeps the spread at $766/mo. Purchase price stands at $285,000, and rental yield measures 11.14% with $2,645/mo rent. Return on cash invested shows 29.63% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 155.54% and total cumulative return in cash records $146,946. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,645/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1870
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48875, Portland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,401 (100%) |
| Owner Occupied HU | 3,418 (77.7%) |
| Renter Occupied HU | 820 (18.6%) |
| Vacant Housing Units | 163 ( 3.7%) |
| Median Home Value | $251,125 |
| Average Home Value | $277,849 |
Housing Distribution
Address Breakdown
Residential
4,375
Single Family
4,065
Multi-Family
310
Businesses
251
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