4788 Burt AveGrand LedgeMI48837
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Grand Ledge rental at 4788 Burt Ave, Grand Ledge, MI, 48837 sits in the solid-income band: 9.52% gross yield, $2,142/mo rent, $362/mo net after the $1,214/mo debt service, DSCR 1.76. Entry price of $269,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $74,568 and $2,486/yr in principal reduction bring total cumulative return to $126,152.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 8.2% |
| Monthly Cash Flow | $362 | $350 |
City averages based on Grand Ledge market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,142 |
| Total Monthly Debt Service | $1,672 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1954
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48837, Grand Ledge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,621 (100%) |
| Owner Occupied HU | 6,536 (75.8%) |
| Renter Occupied HU | 1,671 (19.4%) |
| Vacant Housing Units | 414 ( 4.8%) |
| Median Home Value | $275,513 |
| Average Home Value | $291,297 |
Housing Distribution
Address Breakdown
Residential
8,396
Single Family
7,745
Multi-Family
651
Businesses
503
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
Single Family
Built in 1954
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48837, Grand Ledge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,621 (100%) |
| Owner Occupied HU | 6,536 (75.8%) |
| Renter Occupied HU | 1,671 (19.4%) |
| Vacant Housing Units | 414 ( 4.8%) |
| Median Home Value | $275,513 |
| Average Home Value | $291,297 |
Housing Distribution
Address Breakdown
Residential
8,396
Single Family
7,745
Multi-Family
651
Businesses
503
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracey Hernly & Co. • Howard Hanna Real Estate Executives
Mls Name: Greater Lansing AOR
Mls ID: #292753