12967 Townsend Dr APT 312Grand 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 12967 Townsend Dr APT 312, Grand Ledge, MI, 48837 listed at $171,300 pairs $1,925/mo rent with a $838/mo payment to leave $576/mo cash flow. Total monthly income runs $1,925/mo, and annual cash flow reaches $6,909/yr on $56,786 cash to close. Return on cash invested measures 32.08% in year one, and rental yield registers 13.49% at a $171,300 basis. Equity gained on principal adds $1,105/yr, and annual property appreciation at 5% supports $47,327 by year five. Five-year ROI tracks 170.3% and total cumulative return in cash totals $96,705. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,925/mo property income relative to a $838/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
N/A lot
$N/A/sqft
$220 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A