405 Main StGregoryMI48137
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
Investment property for sale in Gregory at 405 Main St, Gregory, MI, 48137 offers a 5.55% rental yield on a $489,000 purchase with $2,261/mo rent. 78% in year one. Equity gained on principal adds $3,155/yr while 5% annual appreciation supports $135,102 over five years. Portfolio math shows five-year ROI at 65.14% and total cumulative return in cash at $105,586. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,261/mo property income against a $2,393/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1927
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48137, Gregory, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,288 (100%) |
| Owner Occupied HU | 1,882 (82.3%) |
| Renter Occupied HU | 110 ( 4.8%) |
| Vacant Housing Units | 296 (12.9%) |
| Median Home Value | $343,612 |
| Average Home Value | $365,863 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
2,031
Multi-Family
0
Businesses
47
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