213 High StGrand LedgeMI48837
Nearby investment properties with comparable rents
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
Investment property for sale in Grand Ledge at 213 High St, Grand Ledge, MI, 48837 at $289,900 posts ROI 22.1% with $175/mo cash flow from $2,087/mo rent. Total monthly income equals $2,087/mo, and annual cash flow records $2,102/yr on $96,102 to close. Return on cash invested measures 22.1% and rental yield reads 8.64% at the current $289,900. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 by year five. Five-year ROI prints 115.15% and total cumulative return in cash totals $110,661.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,087/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2017
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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Nearby investment properties with comparable prices
Listed by: Dawne K Cohoon • RE/MAX Real Estate Professionals
Mls Name: Greater Lansing AOR
Mls ID: #291544