2505 Greenwood DrNational CityMI48748
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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
Total monthly income runs $1,181/mo, and a $1,174/mo payment. Purchase price stands at $239,900, and rental yield measures 5.91% with $1,181/mo rent. Return on cash invested shows 13.86% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 70.97% and total cumulative return in cash records $56,443. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,181/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48748, National City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,925 (100%) |
| Owner Occupied HU | 763 (39.6%) |
| Renter Occupied HU | 84 ( 4.4%) |
| Vacant Housing Units | 1,078 (56.0%) |
| Median Home Value | $194,477 |
| Average Home Value | $231,294 |
Housing Distribution
Address Breakdown
Residential
1,041
Single Family
1,041
Multi-Family
0
Businesses
20
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Listed by: JEFF PUKALL • STERLING PROPERTIES
Mls Name: NGLRMLS
Mls ID: #1941887