611 S Baldwin 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
Investment property for sale in Greenville at 611 S Baldwin St, Greenville, MI, 48838 offers a 9.75% rental yield on a $285,000 purchase with $2,315/mo rent. Total monthly income registers $2,315/mo, and a $1,395/mo payment leaves $436/mo available for distribution. Annual cash flow reaches $5,226/yr on $94,478 to close, and return on cash invested stands at 25.44% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 133.07% and total cumulative return in cash at $125,718. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,315/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.64 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: Steven Tanner • Five Star Real Estate (Courtland)
Mls Name: MichRIC
Mls ID: #26001793