4188 Pine Grove AveFort GratiotMI48059
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 4188 Pine Grove Ave, Fort Gratiot, MI, 48059 in Fort Gratiot at $158,999 earns $1,192/mo in rent and nets $143/mo after the $715/mo payment, a 8.99% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $43,928 over five years. Ziffy Mortgage underwrites this on a 1.67 DSCR without U.S. credit history. With $1,464/yr in principal paydown, total projected return reaches $69,827.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.8% |
| Monthly Cash Flow | $143 | $850 |
City averages based on Fort Gratiot market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,192 |
| Total Monthly Debt Service | $985 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1940
0.55 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
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
Single Family
Built in 1940
0.55 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rhonda Bessette • Realty Executives Home Towne
Mls Name: Realcomp II
Mls ID: #20251029791