29498 Bridge 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 29498 Bridge St, Garden City, MI, 48135 uses $86,190 cash to close to unlock $5,136/yr annual cash flow and $428/mo monthly cash flow. Total monthly income runs $2,143/mo, and a $1,273/mo payment keeps the spread at $428/mo. Purchase price stands at $260,000, and rental yield measures 9.89% with $2,143/mo rent. Return on cash invested shows 25.87% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 135.32% and total cumulative return in cash records $116,633. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,143/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1960
7,840 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: Amber Lauer • RE/MAX Dream Properties
Mls Name: Realcomp II
Mls ID: #20251038224