12907 Townsend Dr APT 612Grand LedgeMI48837
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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 Grand Ledge at 12907 Townsend Dr APT 612, Grand Ledge, MI, 48837 listed at $163,000 pairs $1,224/mo rent with a $798/mo payment. Total monthly income runs $1,224/mo. Return on cash invested measures 17.22% in year one, and rental yield registers 9.01% at a $163,000 basis. Equity gained on principal adds $1,052/yr, and annual property appreciation at 5% supports $45,034 by year five. Five-year ROI tracks 91.13% and total cumulative return in cash totals $49,243. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,224/mo property income relative to a $798/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
435.60 sqft lot
$N/A/sqft
$270 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48837, Grand Ledge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,621 (100%) |
| Owner Occupied HU | 6,536 (75.8%) |
| Renter Occupied HU | 1,671 (19.4%) |
| Vacant Housing Units | 414 ( 4.8%) |
| Median Home Value | $275,513 |
| Average Home Value | $291,297 |
Housing Distribution
Address Breakdown
Residential
8,396
Single Family
7,745
Multi-Family
651
Businesses
503
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Listed by: Tara Fatteh • 1 World Realty, LLC
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #289357
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS