1402 Granger StMount PleasantMI48858
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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 Mount Pleasant at 1402 Granger St, Mount Pleasant, MI, 48858 earns $438/mo cash flow from $1,493/mo rent with a $783/mo payment. Total monthly income totals $1,493/mo, and annual cash flow totals $5,256/yr on $53,040 capital. ROI tracks 29.82% on current figures, and rental yield reads 11.2% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 156.47% and total cumulative return in cash sums $82,994. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,493/mo property income instead of your personal income.
Single Family
Built in 1960
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48858, Mount Pleasant, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,876 (100%) |
| Owner Occupied HU | 9,481 (47.7%) |
| Renter Occupied HU | 8,386 (42.2%) |
| Vacant Housing Units | 2,009 (10.1%) |
| Median Home Value | $184,339 |
| Average Home Value | $222,061 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
16,469
Multi-Family
2,530
Businesses
1,375
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Listed by: Paige Sochor • Epique Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #24047268
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.