221 Grand StMichigan CenterMI49254
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 Michigan Center at 221 Grand St, Michigan Center, MI, 49254 priced at $180,000 pairs $1,244/mo rent with $57/mo cash flow after a $881/mo payment. Total monthly income equals $1,244/mo, and annual cash flow comes to $684/yr on $59,670 invested. Return on cash invested is 21.06% in year one, and rental yield stands at 8.29% on a $180,000 basis. Equity gained on principal adds $1,162/yr, and 5% annual appreciation accumulates to $49,731 by year five. Five-year ROI measures 109.53% and total cumulative return in cash reaches $65,357. For financing, Ziffy Mortgage’s DSCR program evaluates $1,244/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1930
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49254, Michigan Center, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,517 (100%) |
| Owner Occupied HU | 1,167 (76.9%) |
| Renter Occupied HU | 227 (15.0%) |
| Vacant Housing Units | 123 ( 8.1%) |
| Median Home Value | $208,133 |
| Average Home Value | $235,548 |
Housing Distribution
Address Breakdown
Residential
1,436
Single Family
1,432
Multi-Family
4
Businesses
191
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Nearby investment properties with comparable prices
Listed by: Korey Rowlson • Five Star Real Estate-Jackson
Mls Name: MichRIC
Mls ID: #25051929