12731 Morrissey RdGrass 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
Investment property for sale in Grass Lake at 12731 Morrissey Rd, Grass Lake, MI, 49240 uses $77,869 cash to close to unlock $9,068/yr annual cash flow and $756/mo monthly cash flow. Total monthly income runs $2,305/mo, and a $1,150/mo payment keeps the spread at $756/mo. Purchase price stands at $234,900, and rental yield measures 11.78% with $2,305/mo rent. Return on cash invested shows 31.55% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 165.84% and total cumulative return in cash records $129,141. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,305/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1999
2.28 Acres lot
$N/A/sqft
No 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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Listed by: Janice Stuckey • American Associates Inc
Mls Name: Realcomp II
Mls ID: #20261001316