1132 Pine StGrand 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 Pine St, Grand Ledge, MI, 48837 listed at $289,000 pairs $2,033/mo rent with a $1,415/mo payment to leave $127/mo cash flow. Total monthly income runs $2,033/mo, and annual cash flow reaches $1,520/yr on $95,804 cash to close. Return on cash invested measures 21.5% in year one, and rental yield registers 8.44% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 111.89% and total cumulative return in cash totals $107,198. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,033/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
9,147 sqft 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: Danielle Dayrell • RE/MAX Real Estate Professionals
Mls Name: Greater Lansing AOR
Mls ID: #290216