215 W Grove St, Greenville, MI, 48838 | $246/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Greenville at 215 W Grove St, Greenville, MI, 48838 listed at $189,000 pairs $1,492/mo rent with a $925/mo payment to leave $246/mo cash flow. Total monthly income runs $1,492/mo, and annual cash flow reaches $2,948/yr on $62,654 cash to close. Return on cash invested measures 24.61% in year one, and rental yield registers 9.47% at a $189,000 basis. Equity gained on principal adds $1,220/yr, and annual property appreciation at 5% supports $52,217 by year five. Five-year ROI tracks 128.61% and total cumulative return in cash totals $80,578. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,492/mo property income relative to a $925/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1947

7,405 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