31948 Dover StGarden 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 31948 Dover St, Garden City, MI, 48135 generates $1,393/mo in rent and, after a $1,003/mo payment, leaves $42/mo in cash flow. Total monthly income is $1,393/mo, and annual cash flow is $500/yr on $67,924 invested. Return on cash invested sits at 20.65% in year one, and rental yield is 8.16% on a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 107.32% and total cumulative return in cash sums $72,898. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,393/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
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: Katrin Schniedertoens • KW Professionals
Mls Name: MichRIC
Mls ID: #25048488