301 Madsen StGraylingMI49738
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 Grayling at 301 Madsen St, Grayling, MI, 49738 priced at $119,900 converts $935/mo rent into $144/mo cash flow after a $587/mo obligation. Total monthly income equals $935/mo, and annual cash flow totals $1,730/yr on $39,747 invested. Return on cash invested prints 24.26% in year one, and rental yield reads 9.36% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 126.86% and total cumulative return in cash sums $50,424. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $935/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49738, Grayling, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 3,339 (46.4%) |
| Renter Occupied HU | 818 (11.4%) |
| Vacant Housing Units | 3,044 (42.3%) |
| Median Home Value | $174,820 |
| Average Home Value | $221,874 |
Housing Distribution
Address Breakdown
Residential
4,675
Single Family
4,510
Multi-Family
165
Businesses
419
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Listed by: Stacy Zirkle • Five Star Real Estate - Mitchell St Cadillac
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1929640
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 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.