1383 E 98th StGrantMI49327
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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 Grant at 1383 E 98th St, Grant, MI, 49327 generates $1,350/mo in rent, after a $2,288/mo payment. Total monthly income is $1,350/mo. Return on cash invested sits at 6.49% in year one, and rental yield is 3.47% on a $467,450 entry. Equity gained on principal adds $3,016/yr, while 5% annual appreciation builds toward $129,148 over five years. Five-year ROI reaches 31.43% and total cumulative return in cash sums $48,708. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,350/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
2.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49327, Grant, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,453 (100%) |
| Owner Occupied HU | 2,709 (78.5%) |
| Renter Occupied HU | 479 (13.9%) |
| Vacant Housing Units | 265 ( 7.7%) |
| Median Home Value | $233,616 |
| Average Home Value | $256,336 |
Housing Distribution
Address Breakdown
Residential
3,213
Single Family
3,131
Multi-Family
82
Businesses
137
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