2400 S State StGreenbushMI48738
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
Investment property for sale in Greenbush at 2400 S State St, Greenbush, MI, 48738 uses $34,808 cash to close to unlock $1,314/yr annual cash flow and $110/mo monthly cash flow. Total monthly income runs $802/mo, and a $514/mo payment keeps the spread at $110/mo. Purchase price stands at $105,000, and rental yield measures 9.17% with $802/mo rent. Return on cash invested shows 23.68% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 123.67% and total cumulative return in cash records $43,046. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $802/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1890
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48738, Greenbush, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,364 (100%) |
| Owner Occupied HU | 481 (35.3%) |
| Renter Occupied HU | 55 ( 4.0%) |
| Vacant Housing Units | 828 (60.7%) |
| Median Home Value | $197,426 |
| Average Home Value | $244,740 |
Housing Distribution
Address Breakdown
Residential
707
Single Family
694
Multi-Family
13
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices