12112 Griffin RdRileyMI48041
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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 Riley at 12112 Griffin Rd, Riley, MI, 48041 uses $119,307 cash to close to unlock $2,702/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $2,599/mo, and a $1,762/mo payment keeps the spread at $225/mo. Purchase price stands at $359,900, and rental yield measures 8.67% with $2,599/mo rent. Return on cash invested shows 22.17% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 115.55% and total cumulative return in cash records $137,858. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,599/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 2015
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48041, Memphis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,812 (100%) |
| Owner Occupied HU | 1,582 (87.3%) |
| Renter Occupied HU | 147 ( 8.1%) |
| Vacant Housing Units | 83 ( 4.6%) |
| Median Home Value | $340,476 |
| Average Home Value | $370,216 |
Housing Distribution
Address Breakdown
Residential
1,559
Single Family
1,534
Multi-Family
25
Businesses
83
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