127 Ridgeview CtGrass LakeMI49240
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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
Rental property for sale in Grass Lake at 127 Ridgeview Ct, Grass Lake, MI, 49240 generates $2,187/mo in rent and, after a $1,596/mo payment, leaves $31/mo in cash flow. Total monthly income is $2,187/mo, and annual cash flow is $367/yr on $108,069 invested. Return on cash invested sits at 20.25% in year one, and rental yield is 8.05% on a $326,000 entry. Equity gained on principal adds $2,104/yr, while 5% annual appreciation builds toward $90,068 over five years. Five-year ROI reaches 105.25% and total cumulative return in cash sums $113,739. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,187/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.32 Acres lot
$N/A/sqft
$75 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49240, Grass Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,858 (100%) |
| Owner Occupied HU | 3,252 (84.3%) |
| Renter Occupied HU | 289 ( 7.5%) |
| Vacant Housing Units | 317 ( 8.2%) |
| Median Home Value | $321,804 |
| Average Home Value | $356,895 |
Housing Distribution
Address Breakdown
Residential
3,700
Single Family
3,700
Multi-Family
0
Businesses
133
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Nearby investment properties with comparable prices
Listed by: Jarchow & Lester • PRODUCTION REALTY - GRASS LAKE
Mls Name: MichRIC
Mls Provider:
Mls ID: #25031901
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.