323 Grand StMichigan CenterMI49254
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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
Rental property for sale in Michigan Center at 323 Grand St, Michigan Center, MI, 49254 priced at $100,000 converts $1,646/mo rent into $987/mo cash flow after a $489/mo obligation. Total monthly income equals $1,646/mo, and annual cash flow totals $11,844/yr on $33,150 invested. Return on cash invested prints 55.64% in year one, and rental yield reads 19.75% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 294.96% and total cumulative return in cash sums $97,780. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,646/mo property income covering a $489/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49254, Michigan Center, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,517 (100%) |
| Owner Occupied HU | 1,167 (76.9%) |
| Renter Occupied HU | 227 (15.0%) |
| Vacant Housing Units | 123 ( 8.1%) |
| Median Home Value | $208,133 |
| Average Home Value | $235,548 |
Housing Distribution
Address Breakdown
Residential
1,436
Single Family
1,432
Multi-Family
4
Businesses
191
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Listed by: Vikki Pudil • ERA Reardon Realty
Mls Name: MichRIC
Mls ID: #25037958