2296 Russell StGrand BlancMI48439
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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 Grand Blanc at 2296 Russell St, Grand Blanc, MI, 48439 offers a 11.35% rental yield on a $159,950 purchase with $1,513/mo rent. Total monthly income registers $1,513/mo, and a $783/mo payment leaves $458/mo available for distribution. Annual cash flow reaches $5,497/yr on $53,023 to close, and return on cash invested stands at 30.28% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,191 over five years. Portfolio math shows five-year ROI at 159.05% and total cumulative return in cash at $84,334. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,513/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48439, Grand Blanc, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,970 (100%) |
| Owner Occupied HU | 15,548 (70.8%) |
| Renter Occupied HU | 5,440 (24.8%) |
| Vacant Housing Units | 982 ( 4.5%) |
| Median Home Value | $273,989 |
| Average Home Value | $306,474 |
Housing Distribution
Address Breakdown
Residential
22,196
Single Family
20,615
Multi-Family
1,581
Businesses
894
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Listed by: Ryan M Newman • RE/MAX Select
Mls Name: Realcomp II
Mls ID: #20261002528