114 Clark StGrass LakeMI49240
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Nearby investment properties with comparable prices
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
Rental property for sale in Grass Lake at 114 Clark St, Grass Lake, MI, 49240 priced at $220,000 pairs $1,655/mo rent with $204/mo cash flow after a $1,077/mo payment. Total monthly income equals $1,655/mo, and annual cash flow comes to $2,448/yr on $72,930 invested. Return on cash invested is 23.27% in year one, and rental yield stands at 9.03% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 121.36% and total cumulative return in cash reaches $88,511. For financing, Ziffy Mortgage’s DSCR program evaluates $1,655/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
8,712 sqft 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: Brittany Miles-Ostrowski • ERA REARDON REALTY, L.L.C.
Mls Name: MichRIC
Mls ID: #25034487