1783 Larkmore Ct #113Grass 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
Rental property for sale in Grass Lake at 1783 Larkmore Ct #113, Grass Lake, MI, 49240 generates $838/mo in rent and, after a $514/mo payment, leaves $146/mo in cash flow. Total monthly income is $838/mo, and annual cash flow is $1,746/yr on $34,806 invested. Return on cash invested sits at 24.93% in year one, and rental yield is 9.58% on a $104,995 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,008 over five years. Five-year ROI reaches 130.36% and total cumulative return in cash sums $45,372. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $838/mo property income rather than buyer’s personal income.
Manufactured
Built in 2020
N/A 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: Sales Representative • N/A
Mls Name: MHBO
Mls ID: #583852