31980 Alvin 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
Investment property for sale in Garden City at 31980 Alvin St, Garden City, MI, 48135 uses $49,692 cash to close to unlock $1,898/yr annual cash flow and $158/mo monthly cash flow. Total monthly income runs $1,147/mo, and a $734/mo payment keeps the spread at $158/mo. Purchase price stands at $149,900, and rental yield measures 9.18% with $1,147/mo rent. Return on cash invested shows 23.73% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 123.95% and total cumulative return in cash records $61,595. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,147/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1942
10,454 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: Jacqueline L Perrydore • Apex Realty Centers
Mls Name: Realcomp II
Mls ID: #20261001389