123 Grindstone RdPort AustinMI48467
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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 Port Austin at 123 Grindstone Rd, Port Austin, MI, 48467 earns $129/mo cash flow from $2,338/mo rent with a $1,640/mo payment. Total monthly income totals $2,338/mo, and annual cash flow totals $1,542/yr on $111,052 capital. ROI tracks 21.3% on current figures, and rental yield reads 8.37% at a $334,999 purchase. Equity gained on principal adds $2,162/yr, and 5% annual appreciation supports $92,554 over five years. Five-year ROI reaches 110.84% and total cumulative return in cash sums $123,092. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,338/mo property income instead of your personal income.
Single Family
Built in 1935
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48467, Port Austin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,765 (100%) |
| Owner Occupied HU | 966 (34.9%) |
| Renter Occupied HU | 170 ( 6.1%) |
| Vacant Housing Units | 1,629 (58.9%) |
| Median Home Value | $196,196 |
| Average Home Value | $261,638 |
Housing Distribution
Address Breakdown
Residential
1,152
Single Family
1,130
Multi-Family
22
Businesses
110
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Listed by: Jill Babcock • Babcock Realty
Mls Name: RMLS Multi-List
Mls Provider:
Mls ID: #501-25-0010