1145 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 1145 Peninsula Dr, Grand Ledge, MI, 48837 listed at $373,599 pairs $2,640/mo rent with a $1,829/mo payment to leave $176/mo cash flow. Total monthly income runs $2,640/mo, and annual cash flow reaches $2,111/yr on $123,848 cash to close. Return on cash invested measures 21.61% in year one, and rental yield registers 8.48% at a $373,599 basis. Equity gained on principal adds $2,411/yr, and annual property appreciation at 5% supports $103,219 by year five. Five-year ROI tracks 112.5% and total cumulative return in cash totals $139,327. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,640/mo property income relative to a $1,829/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2026
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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Nearby investment properties with comparable prices
Listed by: Jamie Bates Homes • RE/MAX Real Estate Professionals Dewitt
Mls Name: Greater Lansing AOR
Mls ID: #293317