28424 Elmwood StGarden CityMI48135
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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
Investment property for sale in Garden City at 28424 Elmwood St, Garden City, MI, 48135 listed at $219,000 pairs $2,033/mo rent with a $1,072/mo payment to leave $589/mo cash flow. Total monthly income runs $2,033/mo, and annual cash flow reaches $7,064/yr on $72,599 cash to close. Return on cash invested measures 29.64% in year one, and rental yield registers 11.14% at a $219,000 basis. Equity gained on principal adds $1,413/yr, and annual property appreciation at 5% supports $60,506 by year five. Five-year ROI tracks 155.57% and total cumulative return in cash totals $112,941. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,033/mo property income relative to a $1,072/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48135, Garden City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,495 (100%) |
| Owner Occupied HU | 9,122 (79.4%) |
| Renter Occupied HU | 2,013 (17.5%) |
| Vacant Housing Units | 360 ( 3.1%) |
| Median Home Value | $167,366 |
| Average Home Value | $203,939 |
Housing Distribution
Address Breakdown
Residential
11,404
Single Family
10,868
Multi-Family
536
Businesses
590
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Listed by: Ali M Beydoun • Got Key'D Realty
Mls Name: Realcomp II
Mls ID: #20251047991