209 Mineral StGrand LedgeMI48837
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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 Grand Ledge at 209 Mineral St, Grand Ledge, MI, 48837 offers $1,768/mo rent that, after a $1,253/mo payment, leaves $80/mo cash flow. Total monthly income is $1,768/mo, and annual cash flow is $960/yr on $84,831 cash. Return on cash invested measures 21.04% in year one, and rental yield stands at 8.29% at a $255,900 entry. Equity gained on principal adds $1,651/yr while 5% annual appreciation compounds into $70,700 by year five. Five-year ROI records 109.43% and total cumulative return in cash reaches $92,834. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,768/mo property income versus a $1,253/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1983
5,662 sqft 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: Mara Tomic Bobas • Mara Realty
Mls Name: Greater Lansing AOR
Mls ID: #290335