205 Bates StGrand LedgeMI48837
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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
Rental property for sale in Grand Ledge at 205 Bates St, Grand Ledge, MI, 48837 priced at $242,500 pairs $2,099/mo rent with $500/mo cash flow after a $1,187/mo payment. Total monthly income equals $2,099/mo, and annual cash flow comes to $5,997/yr on $80,389 invested. Return on cash invested is 27.37% in year one, and rental yield stands at 10.39% on a $242,500 basis. Equity gained on principal adds $1,565/yr, and 5% annual appreciation accumulates to $66,998 by year five. Five-year ROI measures 143.39% and total cumulative return in cash reaches $115,267. For financing, Ziffy Mortgage’s DSCR program evaluates $2,099/mo property income against a $1,187/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48837, Grand Ledge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,621 (100%) |
| Owner Occupied HU | 6,536 (75.8%) |
| Renter Occupied HU | 1,671 (19.4%) |
| Vacant Housing Units | 414 ( 4.8%) |
| Median Home Value | $275,513 |
| Average Home Value | $291,297 |
Housing Distribution
Address Breakdown
Residential
8,396
Single Family
7,745
Multi-Family
651
Businesses
503
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Listed by: Deon Kamar Williams • EXIT Realty Home Partners
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #290916
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS