11248 Phal RdGrass LakeMI49240
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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 Grass Lake at 11248 Phal Rd, Grass Lake, MI, 49240 listed at $179,000 pairs $1,347/mo rent with a $876/mo payment to leave $167/mo cash flow. Total monthly income runs $1,347/mo, and annual cash flow reaches $2,000/yr on $59,339 cash to close. Return on cash invested measures 23.28% in year one, and rental yield registers 9.03% at a $179,000 basis. Equity gained on principal adds $1,155/yr, and annual property appreciation at 5% supports $49,454 by year five. Five-year ROI tracks 121.46% and total cumulative return in cash totals $72,075. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,347/mo property income relative to a $876/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1990
1.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49240, Grass Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,858 (100%) |
| Owner Occupied HU | 3,252 (84.3%) |
| Renter Occupied HU | 289 ( 7.5%) |
| Vacant Housing Units | 317 ( 8.2%) |
| Median Home Value | $321,804 |
| Average Home Value | $356,895 |
Housing Distribution
Address Breakdown
Residential
3,700
Single Family
3,700
Multi-Family
0
Businesses
133
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Listed by: Scott Cooper • The Charles Reinhart Company
Mls Name: MichRIC
Mls ID: #25049121