502 Plum StGraylingMI49738
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
Investment property for sale in Grayling at 502 Plum St, Grayling, MI, 49738 at $187,000 posts ROI 28.35% with $436/mo cash flow from $1,669/mo rent. Total monthly income equals $1,669/mo, and annual cash flow records $5,233/yr on $61,991 to close. Return on cash invested measures 28.35% and rental yield reads 10.71% at the current $187,000. Equity gained on principal adds $1,207/yr, and 5% annual appreciation supports $51,665 by year five. Five-year ROI prints 148.7% and total cumulative return in cash totals $92,178.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,669/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1961
2,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49738, Grayling, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 3,339 (46.4%) |
| Renter Occupied HU | 818 (11.4%) |
| Vacant Housing Units | 3,044 (42.3%) |
| Median Home Value | $174,820 |
| Average Home Value | $221,874 |
Housing Distribution
Address Breakdown
Residential
4,675
Single Family
4,510
Multi-Family
165
Businesses
419
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