218 Russell StGrand LedgeMI48837
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
Rental property for sale in Grand Ledge at 218 Russell St, Grand Ledge, MI, 48837 priced at $279,900 converts $2,434/mo rent into $588/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,434/mo, and annual cash flow totals $7,058/yr on $92,787 invested. Return on cash invested prints 27.52% in year one, and rental yield reads 10.44% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 144.2% and total cumulative return in cash sums $133,801. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,434/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48837, Grand Ledge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,621 (100%) |
| Owner Occupied HU | 6,536 (75.8%) |
| Renter Occupied HU | 1,671 (19.4%) |
| Vacant Housing Units | 414 ( 4.8%) |
| Median Home Value | $275,513 |
| Average Home Value | $291,297 |
Housing Distribution
Address Breakdown
Residential
8,396
Single Family
7,745
Multi-Family
651
Businesses
503
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robin Ryan • Zie Realty
Mls Name: Greater Lansing AOR
Mls ID: #289547