11600 Baker RdGreenvilleMI48838
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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 Greenville at 11600 Baker Rd, Greenville, MI, 48838 uses $180,950 cash to close to unlock $1,704/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $3,769/mo, and a $2,692/mo payment keeps the spread at $142/mo. Purchase price stands at $550,000, and rental yield measures 8.22% with $3,769/mo rent. Return on cash invested shows 21% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 109.2% and total cumulative return in cash records $197,590. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,769/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Single Family
Built in 1976
2.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48838, Greenville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,395 (100%) |
| Owner Occupied HU | 6,106 (72.7%) |
| Renter Occupied HU | 1,708 (20.3%) |
| Vacant Housing Units | 581 ( 6.9%) |
| Median Home Value | $241,215 |
| Average Home Value | $271,533 |
Housing Distribution
Address Breakdown
Residential
8,154
Single Family
7,800
Multi-Family
354
Businesses
680
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Listed by: Robert D Hansen • Live Local Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #24053579
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.