118 E Grand Traverse StBig RapidsMI49307
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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 Big Rapids at 118 E Grand Traverse St, Big Rapids, MI, 49307 with 5% annual appreciation on a $177,500 basis while $1,395/mo rent supports operations. Total monthly income totals $1,395/mo and a $869/mo payment preserves $224/mo for cash returns. Annual cash flow comes to $2,691/yr on $58,841 deployed, and return on cash invested reaches 24.48% in year one. Equity gained on principal adds $1,145/yr, and five-year appreciation sums $49,040 alongside rental yield of 9.43%. Five-year ROI measures 127.97% and total cumulative return in cash totals $75,300.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,395/mo property income versus a $869/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49307, Big Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,216 (100%) |
| Owner Occupied HU | 4,118 (50.1%) |
| Renter Occupied HU | 2,716 (33.1%) |
| Vacant Housing Units | 1,382 (16.8%) |
| Median Home Value | $182,919 |
| Average Home Value | $215,984 |
Housing Distribution
Address Breakdown
Residential
8,009
Single Family
7,243
Multi-Family
766
Businesses
704
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Listed by: Marygrace Liparoto • RE/MAX Home Sale Services
Mls Name: Realcomp II
Mls ID: #20251059969