2291 Garland StKeego HarborMI48320
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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
Rental property for sale in Keego Harbor at 2291 Garland St, Keego Harbor, MI, 48320 generates $2,416/mo in rent and, after a $1,219/mo payment, leaves $774/mo in cash flow. Total monthly income is $2,416/mo, and annual cash flow is $9,284/yr on $82,544 invested. Return on cash invested sits at 31.16% in year one, and rental yield is 11.64% on a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 163.71% and total cumulative return in cash sums $135,128. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,416/mo property income rather than buyer’s personal income.
Single Family
Built in 1918
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48320, Keego Harbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,351 (100%) |
| Owner Occupied HU | 1,538 (65.4%) |
| Renter Occupied HU | 598 (25.4%) |
| Vacant Housing Units | 215 ( 9.1%) |
| Median Home Value | $370,560 |
| Average Home Value | $551,053 |
Housing Distribution
Address Breakdown
Residential
2,076
Single Family
1,877
Multi-Family
199
Businesses
389
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