23 E Grove CtFreelandMI48623
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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 Freeland at 23 E Grove Ct, Freeland, MI, 48623 priced at $1,014,900 converts $1,890/mo rent into after a $4,967/mo obligation. Total monthly income equals $1,890/mo. Return on cash invested prints 2.84% in year one, and rental yield reads 2.23% against a $1,014,900 entry. Equity gained on principal adds $6,549/yr, while 5% annual appreciation compiles into $280,398 by year five. Five-year ROI reaches 11.78% and total cumulative return in cash sums $38,738. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,890/mo property income covering a $4,967/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48623, Freeland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,439 (100%) |
| Owner Occupied HU | 4,603 (84.6%) |
| Renter Occupied HU | 598 (11.0%) |
| Vacant Housing Units | 238 ( 4.4%) |
| Median Home Value | $283,821 |
| Average Home Value | $326,566 |
Housing Distribution
Address Breakdown
Residential
5,234
Single Family
5,234
Multi-Family
0
Businesses
330
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