405 E State StGreenvilleMI48838
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Greenville at 405 E State St, Greenville, MI, 48838 priced at $264,900 converts $2,353/mo rent into $606/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,353/mo, and annual cash flow totals $7,268/yr on $87,814 invested. Return on cash invested prints 28.19% in year one, and rental yield reads 10.66% against a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation compiles into $73,187 by year five. Five-year ROI reaches 147.77% and total cumulative return in cash sums $129,764. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,353/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1920
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48838, Greenville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,395 (100%) |
| Owner Occupied HU | 6,106 (72.7%) |
| Renter Occupied HU | 1,708 (20.3%) |
| Vacant Housing Units | 581 ( 6.9%) |
| Median Home Value | $241,215 |
| Average Home Value | $271,533 |
Housing Distribution
Address Breakdown
Residential
8,154
Single Family
7,800
Multi-Family
354
Businesses
680
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Listed by: Jason Cripe • Coldwell Banker Schmidt Realtors
Mls Name: MichRIC
Mls ID: #25038542