455 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
Rental property for sale in Douglas at 455 Summer Grove Dr, Douglas, MI, 49406 offers $3,538/mo rent that, after a $2,985/mo payment. Total monthly income is $3,538/mo. Return on cash invested measures 17.17% in year one, and rental yield stands at 6.96% at a $609,900 entry. Equity gained on principal adds $3,936/yr while 5% annual appreciation compounds into $168,504 by year five. Five-year ROI records 88.66% and total cumulative return in cash reaches $177,900. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,538/mo property income versus a $2,985/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
6,107 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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