321 W Grant StCaroMI48723
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
Rental property for sale in Caro at 321 W Grant St, Caro, MI, 48723 offers $954/mo rent that, after a $616/mo payment, leaves $116/mo cash flow. Total monthly income is $954/mo, and annual cash flow is $1,389/yr on $41,736 cash. Return on cash invested measures 23.24% in year one, and rental yield stands at 9.09% at a $125,900 entry. Equity gained on principal adds $812/yr while 5% annual appreciation compounds into $34,784 by year five. Five-year ROI records 121.33% and total cumulative return in cash reaches $50,640. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $954/mo property income versus a $616/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48723, Caro, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,270 (100%) |
| Owner Occupied HU | 3,730 (70.8%) |
| Renter Occupied HU | 1,083 (20.6%) |
| Vacant Housing Units | 457 ( 8.7%) |
| Median Home Value | $147,264 |
| Average Home Value | $179,741 |
Housing Distribution
Address Breakdown
Residential
5,078
Single Family
4,873
Multi-Family
205
Businesses
460
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