442 E Baldwin Lake DrGreenvilleMI48838
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
Rental property for sale in Greenville at 442 E Baldwin Lake Dr, Greenville, MI, 48838 priced at $1,350,000 pairs $5,570/mo rent with after a $6,608/mo payment. Total monthly income equals $5,570/mo. Return on cash invested is 11.23% in year one, and rental yield stands at 4.95% on a $1,350,000 basis. Equity gained on principal adds $8,711/yr, and 5% annual appreciation accumulates to $372,980 by year five. Five-year ROI measures 56.72% and total cumulative return in cash reaches $248,105. For financing, Ziffy Mortgage’s DSCR program evaluates $5,570/mo property income against a $6,608/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1981
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48838, Greenville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,395 (100%) |
| Owner Occupied HU | 6,106 (72.7%) |
| Renter Occupied HU | 1,708 (20.3%) |
| Vacant Housing Units | 581 ( 6.9%) |
| Median Home Value | $241,215 |
| Average Home Value | $271,533 |
Housing Distribution
Address Breakdown
Residential
8,154
Single Family
7,800
Multi-Family
354
Businesses
680
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Nearby investment properties with comparable prices
Listed by: Heather M Jones • Five Star Real Estate (Green)
Mls Name: MichRIC
Mls Provider:
Mls ID: #24016620
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.