12755 Overlook Dr NEGreenvilleMI48838
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 Greenville at 12755 Overlook Dr NE, Greenville, MI, 48838 uses $155,142 cash to close to unlock $6,581/yr annual cash flow and $548/mo monthly cash flow. Total monthly income runs $3,635/mo, and a $2,291/mo payment keeps the spread at $548/mo. Purchase price stands at $468,000, and rental yield measures 9.32% with $3,635/mo rent. Return on cash invested shows 24.15% in year one, and 5% annual appreciation builds toward $129,300 over five years. Five-year ROI reaches 126.13% and total cumulative return in cash records $195,677. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,635/mo property income covering a $2,291/mo payment rather than investor’s personal income.
Single Family
Built in 1991
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48838, Greenville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,395 (100%) |
| Owner Occupied HU | 6,106 (72.7%) |
| Renter Occupied HU | 1,708 (20.3%) |
| Vacant Housing Units | 581 ( 6.9%) |
| Median Home Value | $241,215 |
| Average Home Value | $271,533 |
Housing Distribution
Address Breakdown
Residential
8,154
Single Family
7,800
Multi-Family
354
Businesses
680
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darin K Elliott • Greenridge Realty (Ionia)
Mls Name: MichRIC
Mls ID: #25043100