5643 Gilman StGarden CityMI48135
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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
Investment property for sale in Garden City at 5643 Gilman St, Garden City, MI, 48135 earns $173/mo cash flow from $1,392/mo rent with a $905/mo payment. Total monthly income totals $1,392/mo, and annual cash flow totals $2,070/yr on $61,328 capital. ROI tracks 23.28% on current figures, and rental yield reads 9.03% at a $185,000 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Five-year ROI reaches 121.5% and total cumulative return in cash sums $74,511. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,392/mo property income instead of your personal income.
Single Family
Built in 1950
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48135, Garden City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,495 (100%) |
| Owner Occupied HU | 9,122 (79.4%) |
| Renter Occupied HU | 2,013 (17.5%) |
| Vacant Housing Units | 360 ( 3.1%) |
| Median Home Value | $167,366 |
| Average Home Value | $203,939 |
Housing Distribution
Address Breakdown
Residential
11,404
Single Family
10,868
Multi-Family
536
Businesses
590
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Listed by: Terry W Ozak • RE/MAX Leading Edge
Mls Name: Realcomp II
Mls ID: #20251057754