511 1st StGregoryMI48137
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 Gregory at 511 1st St, Gregory, MI, 48137 offers a 8.02% rental yield on a $224,900 purchase with $1,503/mo rent. Total monthly income registers $1,503/mo, and a $1,101/mo payment leaves $20/mo available for distribution. Annual cash flow reaches $236/yr on $74,554 to close, and return on cash invested stands at 20.23% in year one. Equity gained on principal adds $1,451/yr while 5% annual appreciation supports $62,136 over five years. Portfolio math shows five-year ROI at 105.09% and total cumulative return in cash at $78,349. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,503/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1995
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48137, Gregory, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,288 (100%) |
| Owner Occupied HU | 1,882 (82.3%) |
| Renter Occupied HU | 110 ( 4.8%) |
| Vacant Housing Units | 296 (12.9%) |
| Median Home Value | $343,612 |
| Average Home Value | $365,863 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
2,031
Multi-Family
0
Businesses
47
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Listed by: Marie Duke • Rock Realty LLC
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240087025
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-02-15 14:25:31 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702