3948 Stoney Ridge DrFort 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
Investment property for sale in Fort Gratiot at 3948 Stoney Ridge Dr, Fort Gratiot, MI, 48059 listed at $415,000 pairs $2,821/mo rent with a $2,031/mo payment to leave $85/mo cash flow. Total monthly income runs $2,821/mo, and annual cash flow reaches $1,014/yr on $137,573 cash to close. Return on cash invested measures 20.65% in year one, and rental yield registers 8.16% at a $415,000 basis. Equity gained on principal adds $2,678/yr, and annual property appreciation at 5% supports $114,657 by year five. Five-year ROI tracks 107.34% and total cumulative return in cash totals $147,669. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,821/mo property income relative to a $2,031/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
0.30 Acres lot
$N/A/sqft
No 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: Kim Altenritter • RE/MAX Select
Mls Name: Realcomp II
Mls ID: #20251056155