3130 Simpson RdFort GratiotMI48059
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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 Fort Gratiot at 3130 Simpson Rd, Fort Gratiot, MI, 48059 earns $272/mo cash flow from $1,723/mo rent with a $1,077/mo payment. Total monthly income totals $1,723/mo, and annual cash flow totals $3,264/yr on $72,930 capital. ROI tracks 24.38% on current figures, and rental yield reads 9.4% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 127.35% and total cumulative return in cash sums $92,879. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,723/mo property income instead of your personal income.
Single Family
Built in 1946
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48059, Fort Gratiot, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,478 (100%) |
| Owner Occupied HU | 5,333 (71.3%) |
| Renter Occupied HU | 1,405 (18.8%) |
| Vacant Housing Units | 740 ( 9.9%) |
| Median Home Value | $262,937 |
| Average Home Value | $323,563 |
Housing Distribution
Address Breakdown
Residential
7,003
Single Family
6,469
Multi-Family
534
Businesses
433
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Listed by: Brian Frey • KW Platinum Port Huron
Mls Name: MiRealSource
Mls ID: #50189077