516 W Grove St, Greenville, MI, 48838 | $637/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Greenville at 516 W Grove St, Greenville, MI, 48838 priced at $200,000 pairs $1,956/mo rent with $637/mo cash flow after a $979/mo payment. Total monthly income equals $1,956/mo, and annual cash flow comes to $7,644/yr on $66,300 invested. Return on cash invested is 31.44% in year one, and rental yield stands at 11.74% on a $200,000 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 165.19% and total cumulative return in cash reaches $109,520. For financing, Ziffy Mortgage’s DSCR program evaluates $1,956/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1940

6,534 sqft 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