1258 E 120th StGrantMI49327
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Grant at 1258 E 120th St, Grant, MI, 49327 uses $61,328 cash to close to unlock $2,166/yr annual cash flow and $181/mo monthly cash flow. Total monthly income runs $1,400/mo, and a $905/mo payment keeps the spread at $181/mo. Purchase price stands at $185,000, and rental yield measures 9.08% with $1,400/mo rent. Return on cash invested shows 23.44% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 122.36% and total cumulative return in cash records $75,039. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,400/mo property income covering a $905/mo payment rather than investor’s personal income.
Manufactured
Built in 1992
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49327, Grant, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,453 (100%) |
| Owner Occupied HU | 2,709 (78.5%) |
| Renter Occupied HU | 479 (13.9%) |
| Vacant Housing Units | 265 ( 7.7%) |
| Median Home Value | $233,616 |
| Average Home Value | $256,336 |
Housing Distribution
Address Breakdown
Residential
3,213
Single Family
3,131
Multi-Family
82
Businesses
137
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
