3344 Simpson 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
Rental property for sale in Fort Gratiot at 3344 Simpson Rd, Fort Gratiot, MI, 48059 generates $2,035/mo in rent, after a $1,591/mo payment. Total monthly income is $2,035/mo. Return on cash invested sits at 18.5% in year one, and rental yield is 7.51% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 95.9% and total cumulative return in cash sums $103,321. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,035/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.73 Acres lot
$N/A/sqft
$220 annually 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: Nancy Loftus • KW Platinum Port Huron
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50158993
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