420 N Grand AveLelandMI49654
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 Leland at 420 N Grand Ave, Leland, MI, 49654 earns from $2,867/mo rent with a $9,265/mo payment. Total monthly income totals $2,867/mo. ROI tracks 1.56% on current figures, and rental yield reads 1.82% at a $1,893,000 purchase. Equity gained on principal adds $12,215/yr, and 5% annual appreciation supports $523,001 over five years. Five-year ROI reaches 4.86% and total cumulative return in cash sums $29,833. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,867/mo property income instead of your personal income.
Single Family
Built in 1982
2.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49654, Leland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 735 (100%) |
| Owner Occupied HU | 300 (40.8%) |
| Renter Occupied HU | 24 ( 3.3%) |
| Vacant Housing Units | 411 (55.9%) |
| Median Home Value | $643,382 |
| Average Home Value | $807,108 |
Housing Distribution
Address Breakdown
Residential
86
Single Family
86
Multi-Family
0
Businesses
82
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