15195 Waterloo Munith RdGrass LakeMI49240
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 Grass Lake at 15195 Waterloo Munith Rd, Grass Lake, MI, 49240 earns $464/mo cash flow from $4,090/mo rent with a $2,691/mo payment. Total monthly income totals $4,090/mo, and annual cash flow totals $5,570/yr on $180,917 capital. ROI tracks 23.14% on current figures, and rental yield reads 8.93% at a $549,900 purchase. Equity gained on principal adds $3,548/yr, and 5% annual appreciation supports $151,927 over five years. Five-year ROI reaches 120.68% and total cumulative return in cash sums $218,330. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,090/mo property income instead of your personal income.
Single Family
Built in 1997
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49240, Grass Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,858 (100%) |
| Owner Occupied HU | 3,252 (84.3%) |
| Renter Occupied HU | 289 ( 7.5%) |
| Vacant Housing Units | 317 ( 8.2%) |
| Median Home Value | $321,804 |
| Average Home Value | $356,895 |
Housing Distribution
Address Breakdown
Residential
3,700
Single Family
3,700
Multi-Family
0
Businesses
133
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Nearby investment properties with comparable prices
Listed by: Blake Wyant • The Charles Reinhart Company
Mls Name: MichRIC
Mls Provider:
Mls ID: #25041139
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.