30838 N Block St NWGarden 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
Rental property for sale in Garden City at 30838 N Block St NW, Garden City, MI, 48135 generates $1,376/mo in rent and, after a $869/mo payment, leaves $205/mo in cash flow. Total monthly income is $1,376/mo, and annual cash flow is $2,461/yr on $58,874 invested. Return on cash invested sits at 24.09% in year one, and rental yield is 9.3% on a $177,600 entry. Equity gained on principal adds $1,146/yr, while 5% annual appreciation builds toward $49,068 over five years. Five-year ROI reaches 125.87% and total cumulative return in cash sums $74,107. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,376/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
8,276 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: Kathy Christo • Clients First, REALTORS
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20250025573
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-04-17 07:24:16 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702