3096 Norvell RdGrass LakeMI49240
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
Investment property for sale in Grass Lake at 3096 Norvell Rd, Grass Lake, MI, 49240 with 5% annual appreciation on a $345,000 basis while $1,384/mo rent supports operations. 55% in year one. Equity gained on principal adds $2,226/yr, and five-year appreciation sums $95,317 alongside rental yield of 4.81%. Five-year ROI measures 53.22% and total cumulative return in cash totals $60,868. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,384/mo property income versus a $1,689/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1981
4.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49240, Grass Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,858 (100%) |
| Owner Occupied HU | 3,252 (84.3%) |
| Renter Occupied HU | 289 ( 7.5%) |
| Vacant Housing Units | 317 ( 8.2%) |
| Median Home Value | $321,804 |
| Average Home Value | $356,895 |
Housing Distribution
Address Breakdown
Residential
3,700
Single Family
3,700
Multi-Family
0
Businesses
133
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Timms • BNR Real Estate Group
Mls Name: MichRIC
Mls Provider:
Mls ID: #24053031
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.