217 S Walnut StGreenvilleMI48838
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 Greenville at 217 S Walnut St, Greenville, MI, 48838 at $229,900 posts ROI 21.31% with $89/mo cash flow from $1,605/mo rent. Total monthly income equals $1,605/mo, and annual cash flow records $1,070/yr on $76,212 to close. Return on cash invested measures 21.31% and rental yield reads 8.38% at the current $229,900. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 by year five. Five-year ROI prints 110.94% and total cumulative return in cash totals $84,551.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,605/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1964
0.38 Acres 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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Nearby investment properties with comparable prices
Listed by: Jeffrey M Platko • JH Realty Partners
Mls Name: MichRIC
Mls ID: #25038241