3211 Keewahdin RdFort GratiotMI48059
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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 Fort Gratiot at 3211 Keewahdin Rd, Fort Gratiot, MI, 48059 offers a 9.45% rental yield on a $129,900 purchase with $1,023/mo rent. Total monthly income registers $1,023/mo, and a $636/mo payment leaves $166/mo available for distribution. Annual cash flow reaches $1,994/yr on $43,062 to close, and return on cash invested stands at 24.54% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 128.32% and total cumulative return in cash at $55,255. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,023/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2002
2,079 sqft 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: Merrilyn Bush • Realty Executives Home Towne
Mls Name: Realcomp II
Mls ID: #20251061673