3804 Grove StConklinMI49403
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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
Investment property for sale in Conklin at 3804 Grove St, Conklin, MI, 49403 earns $51/mo cash flow from $2,128/mo rent with a $1,542/mo payment. Total monthly income totals $2,128/mo, and annual cash flow totals $606/yr on $104,423 capital. ROI tracks 20.49% on current figures, and rental yield reads 8.11% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 106.5% and total cumulative return in cash sums $111,209. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,128/mo property income instead of your personal income.
Single Family
Built in 1930
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49403, Conklin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 951 (100%) |
| Owner Occupied HU | 817 (85.9%) |
| Renter Occupied HU | 79 ( 8.3%) |
| Vacant Housing Units | 55 ( 5.8%) |
| Median Home Value | $359,665 |
| Average Home Value | $413,127 |
Housing Distribution
Address Breakdown
Residential
927
Single Family
927
Multi-Family
0
Businesses
36
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