1132 Peninsula DrGrand LedgeMI48837
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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 Grand Ledge at 1132 Peninsula Dr, Grand Ledge, MI, 48837 offers a 8.92% rental yield on a $369,000 purchase with $2,742/mo rent. Total monthly income registers $2,742/mo, and a $1,806/mo payment leaves $309/mo available for distribution. Annual cash flow reaches $3,704/yr on $122,324 to close, and return on cash invested stands at 22.94% in year one. Equity gained on principal adds $2,381/yr while 5% annual appreciation supports $101,948 over five years. Portfolio math shows five-year ROI at 119.62% and total cumulative return in cash at $146,319. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,742/mo property income against a $1,806/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48837, Grand Ledge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,621 (100%) |
| Owner Occupied HU | 6,536 (75.8%) |
| Renter Occupied HU | 1,671 (19.4%) |
| Vacant Housing Units | 414 ( 4.8%) |
| Median Home Value | $275,513 |
| Average Home Value | $291,297 |
Housing Distribution
Address Breakdown
Residential
8,396
Single Family
7,745
Multi-Family
651
Businesses
503
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Listed by: Jamie Bates Homes • RE/MAX Real Estate Professionals Dewitt
Mls Name: Greater Lansing AOR
Mls ID: #277427