510 W Oakridge StGreenvilleMI48838
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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 Greenville at 510 W Oakridge St, Greenville, MI, 48838 generates $1,094/mo in rent and, after a $685/mo payment, leaves $171/mo in cash flow. Total monthly income is $1,094/mo, and annual cash flow is $2,054/yr on $46,377 invested. Return on cash invested sits at 24.34% in year one, and rental yield is 9.38% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 127.21% and total cumulative return in cash sums $58,995. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,094/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.35 Acres 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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Listed by: Nicholas D Allen • Blueprint Properties LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25048801
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.