311 Mineral StGrand LedgeMI48837
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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 Grand Ledge at 311 Mineral St, Grand Ledge, MI, 48837 with 5% annual appreciation on a $212,000 basis while $1,876/mo rent supports operations. Total monthly income totals $1,876/mo and a $1,038/mo payment preserves $478/mo for cash returns. Annual cash flow comes to $5,731/yr on $70,278 deployed, and return on cash invested reaches 28.06% in year one. Equity gained on principal adds $1,368/yr, and five-year appreciation sums $58,572 alongside rental yield of 10.62%. Five-year ROI measures 147.15% and total cumulative return in cash totals $103,411.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,876/mo property income versus a $1,038/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1873
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48837, Grand Ledge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,621 (100%) |
| Owner Occupied HU | 6,536 (75.8%) |
| Renter Occupied HU | 1,671 (19.4%) |
| Vacant Housing Units | 414 ( 4.8%) |
| Median Home Value | $275,513 |
| Average Home Value | $291,297 |
Housing Distribution
Address Breakdown
Residential
8,396
Single Family
7,745
Multi-Family
651
Businesses
503
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Listed by: Kara L Johnson-Franks • Five Star Real Estate - Lansing
Mls Name: Greater Lansing AOR
Mls ID: #293098