211 E Van Deinse StGreenvilleMI48838
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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 Greenville at 211 E Van Deinse St, Greenville, MI, 48838 offers $1,625/mo rent that, after a $832/mo payment, leaves $504/mo cash flow. Total monthly income is $1,625/mo, and annual cash flow is $6,048/yr on $56,355 cash. Return on cash invested measures 30.64% in year one, and rental yield stands at 11.47% at a $170,000 entry. Equity gained on principal adds $1,097/yr while 5% annual appreciation compounds into $46,968 by year five. Five-year ROI records 160.93% and total cumulative return in cash reaches $90,693. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,625/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48838, Greenville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,395 (100%) |
| Owner Occupied HU | 6,106 (72.7%) |
| Renter Occupied HU | 1,708 (20.3%) |
| Vacant Housing Units | 581 ( 6.9%) |
| Median Home Value | $241,215 |
| Average Home Value | $271,533 |
Housing Distribution
Address Breakdown
Residential
8,154
Single Family
7,800
Multi-Family
354
Businesses
680
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Listed by: Jaquelyn Davis • ASSOCIATED REALTY
Mls Name: NGLRMLS
Mls ID: #1937408