235 E 120th StGrantMI49327
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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 Grant at 235 E 120th St, Grant, MI, 49327 generates $1,916/mo in rent and, after a $1,050/mo payment, leaves $501/mo in cash flow. Total monthly income is $1,916/mo, and annual cash flow is $6,016/yr on $71,107 invested. Return on cash invested sits at 28.37% in year one, and rental yield is 10.72% on a $214,500 entry. Equity gained on principal adds $1,384/yr, while 5% annual appreciation builds toward $59,262 over five years. Five-year ROI reaches 148.78% and total cumulative return in cash sums $105,792. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,916/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49327, Grant, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,453 (100%) |
| Owner Occupied HU | 2,709 (78.5%) |
| Renter Occupied HU | 479 (13.9%) |
| Vacant Housing Units | 265 ( 7.7%) |
| Median Home Value | $233,616 |
| Average Home Value | $256,336 |
Housing Distribution
Address Breakdown
Residential
3,213
Single Family
3,131
Multi-Family
82
Businesses
137
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