3380 Norvell Rd, Grass Lake, MI, 49240 | $901/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Grass Lake at 3380 Norvell Rd, Grass Lake, MI, 49240 uses $169,435 cash to close to unlock $10,806/yr annual cash flow and $901/mo monthly cash flow. Total monthly income runs $4,297/mo, and a $2,521/mo payment keeps the spread at $901/mo. Purchase price stands at $515,000, and rental yield measures 10.01% with $4,297/mo rent. Return on cash invested shows 26.44% in year one, and 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 138.36% and total cumulative return in cash records $234,433. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,297/mo property income covering a $2,521/mo payment rather than investor’s personal income.

Single Family

Built in 1999

5.96 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49240, Grass Lake, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,858 (100%)
Owner Occupied HU	3,252 (84.3%)
Renter Occupied HU	289 ( 7.5%)
Vacant Housing Units	317 ( 8.2%)
Median Home Value	$321,804
Average Home Value	$356,895