421 Portage StGrass LakeMI49240
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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 Grass Lake at 421 Portage St, Grass Lake, MI, 49240 offers a 8.97% rental yield on a $224,800 purchase with $1,681/mo rent. Total monthly income registers $1,681/mo, and a $1,100/mo payment leaves $199/mo available for distribution. Annual cash flow reaches $2,386/yr on $74,521 to close, and return on cash invested stands at 23.11% in year one. Equity gained on principal adds $1,451/yr while 5% annual appreciation supports $62,108 over five years. Portfolio math shows five-year ROI at 120.55% and total cumulative return in cash at $89,838. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,681/mo property income against a $1,100/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49240, Grass Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,858 (100%) |
| Owner Occupied HU | 3,252 (84.3%) |
| Renter Occupied HU | 289 ( 7.5%) |
| Vacant Housing Units | 317 ( 8.2%) |
| Median Home Value | $321,804 |
| Average Home Value | $356,895 |
Housing Distribution
Address Breakdown
Residential
3,700
Single Family
3,700
Multi-Family
0
Businesses
133
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Listed by: Peter Perna • Wiens And Roth Real Estate - Lambertville
Mls Name: MiRealSource
Mls ID: #50182139