322 W Front StGrand LedgeMI48837
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 Grand Ledge at 322 W Front St, Grand Ledge, MI, 48837 offers $1,573/mo rent that, after a $783/mo payment, leaves $518/mo cash flow. Total monthly income is $1,573/mo, and annual cash flow is $6,216/yr on $53,037 cash. Return on cash invested measures 31.63% in year one, and rental yield stands at 11.8% at a $159,990 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,202 by year five. Five-year ROI records 166.32% and total cumulative return in cash reaches $88,210. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,573/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48837, Grand Ledge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,621 (100%) |
| Owner Occupied HU | 6,536 (75.8%) |
| Renter Occupied HU | 1,671 (19.4%) |
| Vacant Housing Units | 414 ( 4.8%) |
| Median Home Value | $275,513 |
| Average Home Value | $291,297 |
Housing Distribution
Address Breakdown
Residential
8,396
Single Family
7,745
Multi-Family
651
Businesses
503
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Listed by: Mark Holcomb • Century 21 Affiliated
Mls Name: Greater Lansing AOR
Mls ID: #291032