2984 Grove Street RdStandishMI48658
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
Rental property for sale in Standish at 2984 Grove Street Rd, Standish, MI, 48658 priced at $224,900 pairs $3,169/mo rent with $1,686/mo cash flow after a $1,101/mo payment. Total monthly income equals $3,169/mo, and annual cash flow comes to $20,228/yr on $74,554 invested. Return on cash invested is 47.04% in year one, and rental yield stands at 16.91% on a $224,900 basis. Equity gained on principal adds $1,451/yr, and 5% annual appreciation accumulates to $62,136 by year five. Five-year ROI measures 248.9% and total cumulative return in cash reaches $185,569. For financing, Ziffy Mortgage’s DSCR program evaluates $3,169/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48658, Standish, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,527 (100%) |
| Owner Occupied HU | 1,649 (65.3%) |
| Renter Occupied HU | 472 (18.7%) |
| Vacant Housing Units | 406 (16.1%) |
| Median Home Value | $135,972 |
| Average Home Value | $163,014 |
Housing Distribution
Address Breakdown
Residential
2,119
Single Family
1,956
Multi-Family
163
Businesses
272
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Listed by: Kevin Scott • MORRIS-RICHARDSON RE
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1924349
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.