214 S Franklin 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 214 S Franklin St, Greenville, MI, 48838 priced at $109,000 converts $862/mo rent into $143/mo cash flow after a $534/mo obligation. Total monthly income equals $862/mo, and annual cash flow totals $1,712/yr on $36,134 invested. Return on cash invested prints 24.65% in year one, and rental yield reads 9.49% against a $109,000 entry. Equity gained on principal adds $703/yr, while 5% annual appreciation compiles into $30,115 by year five. Five-year ROI reaches 128.82% and total cumulative return in cash sums $46,546. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $862/mo property income covering a $534/mo payment, not borrower’s personal income.
Single Family
Built in 1920
5,227 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: Benjamin Ewing • Ewing Realty LLC
Mls Name: MichRIC
Mls ID: #25031120