24th AveFort gratiotMI48059
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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 Fort gratiot at 24th Ave, Fort gratiot, MI, 48059 listed at $495,600 pairs $1,378/mo rent with a $2,426/mo payment. Total monthly income runs $1,378/mo. Return on cash invested measures 6.1% in year one, and rental yield registers 3.34% at a $495,600 basis. Equity gained on principal adds $3,198/yr, and annual property appreciation at 5% supports $136,925 by year five. Five-year ROI tracks 29.33% and total cumulative return in cash totals $48,186. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,378/mo property income relative to a $2,426/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Home Type Unknown
Built in N/A
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48059, Fort Gratiot, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,478 (100%) |
| Owner Occupied HU | 5,333 (71.3%) |
| Renter Occupied HU | 1,405 (18.8%) |
| Vacant Housing Units | 740 ( 9.9%) |
| Median Home Value | $262,937 |
| Average Home Value | $323,563 |
Housing Distribution
Address Breakdown
Residential
7,003
Single Family
6,469
Multi-Family
534
Businesses
433
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A