206 Graves StGoblesMI49055
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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 Gobles at 206 Graves St, Gobles, MI, 49055 priced at $230,000 converts $2,850/mo rent into $1,333/mo cash flow after a $1,126/mo obligation. Total monthly income equals $2,850/mo, and annual cash flow totals $15,996/yr on $76,245 invested. Return on cash invested prints 40.89% in year one, and rental yield reads 14.87% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 215.87% and total cumulative return in cash sums $164,587. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,850/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49055, Gobles, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,993 (100%) |
| Owner Occupied HU | 2,136 (71.4%) |
| Renter Occupied HU | 383 (12.8%) |
| Vacant Housing Units | 474 (15.8%) |
| Median Home Value | $246,127 |
| Average Home Value | $290,083 |
Housing Distribution
Address Breakdown
Residential
2,522
Single Family
2,498
Multi-Family
24
Businesses
98
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