214 W Montcalm StGreenvilleMI48838
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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 Greenville at 214 W Montcalm St, Greenville, MI, 48838 offers a 9.26% rental yield on a $189,900 purchase with $1,465/mo rent. Total monthly income registers $1,465/mo, and a $929/mo payment leaves $213/mo available for distribution. Annual cash flow reaches $2,558/yr on $62,952 to close, and return on cash invested stands at 23.97% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 125.21% and total cumulative return in cash at $78,821. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,465/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
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: Tori L Ensing • Five Star Real Estate (Greenv)
Mls Name: MichRIC
Mls ID: #25040933