32140 Dover StGarden CityMI48135
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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 Garden City at 32140 Dover St, Garden City, MI, 48135 offers a 9.25% rental yield on a $165,000 purchase with $1,272/mo rent. Total monthly income registers $1,272/mo, and a $808/mo payment leaves $184/mo available for distribution. Annual cash flow reaches $2,202/yr on $54,698 to close, and return on cash invested stands at 23.93% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 125.03% and total cumulative return in cash at $68,387. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,272/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1944
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: Andrea Dawson • Preferred, Realtors Ltd
Mls Name: MichRIC
Mls Provider:
Mls ID: #25008928
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.