424 Summer Grove DrDouglasMI49406
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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 Douglas at 424 Summer Grove Dr, Douglas, MI, 49406 at $495,000 posts ROI 16.38% with from $2,782/mo rent. Total monthly income equals $2,782/mo. Return on cash invested measures 16.38% and rental yield reads 6.74% at the current $495,000. Equity gained on principal adds $3,194/yr, and 5% annual appreciation supports $136,759 by year five. Five-year ROI prints 84.45% and total cumulative return in cash totals $138,574. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,782/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1998
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49406, Douglas, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 950 (100%) |
| Owner Occupied HU | 532 (56.0%) |
| Renter Occupied HU | 87 ( 9.2%) |
| Vacant Housing Units | 331 (34.8%) |
| Median Home Value | $398,734 |
| Average Home Value | $557,721 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
158
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