15225 Waterloo Munith RdGrass LakeMI49240
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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 Grass Lake at 15225 Waterloo Munith Rd, Grass Lake, MI, 49240 earns from $2,258/mo rent with a $2,570/mo payment. Total monthly income totals $2,258/mo. ROI tracks 11.69% on current figures, and rental yield reads 5.16% at a $525,000 purchase. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 over five years. Five-year ROI reaches 59.29% and total cumulative return in cash sums $102,405. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,258/mo property income instead of your personal income.
Single Family
Built in 1998
10.52 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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Listed by: Carena Townsend • Keller Williams Ann Arbor Mrkt
Mls Name: MichRIC
Mls ID: #25062689