2168 Spite AveGraylingMI49738
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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
Investment property for sale in Grayling at 2168 Spite Ave, Grayling, MI, 49738 earns $856/mo cash flow from $2,400/mo rent with a $1,146/mo payment. Total monthly income totals $2,400/mo, and annual cash flow totals $10,270/yr on $77,637 capital. ROI tracks 33.14% on current figures, and rental yield reads 12.3% at a $234,200 purchase. Equity gained on principal adds $1,511/yr, and 5% annual appreciation supports $64,705 over five years. Five-year ROI reaches 174.31% and total cumulative return in cash sums $135,329. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,400/mo property income instead of your personal income.
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49738, Grayling, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 3,339 (46.4%) |
| Renter Occupied HU | 818 (11.4%) |
| Vacant Housing Units | 3,044 (42.3%) |
| Median Home Value | $174,820 |
| Average Home Value | $221,874 |
Housing Distribution
Address Breakdown
Residential
4,675
Single Family
4,510
Multi-Family
165
Businesses
419
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