625 Gratiot AveAlmaMI48801
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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
Rental property for sale in Alma at 625 Gratiot Ave, Alma, MI, 48801 priced at $243,900 pairs $2,142/mo rent with $533/mo cash flow after a $1,194/mo payment. Total monthly income equals $2,142/mo, and annual cash flow comes to $6,400/yr on $80,853 invested. Return on cash invested is 27.83% in year one, and rental yield stands at 10.54% on a $243,900 basis. Equity gained on principal adds $1,574/yr, and 5% annual appreciation accumulates to $67,385 by year five. Five-year ROI measures 145.87% and total cumulative return in cash reaches $117,939. For financing, Ziffy Mortgage’s DSCR program evaluates $2,142/mo property income against a $1,194/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48801, Alma, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,977 (100%) |
| Owner Occupied HU | 3,219 (64.7%) |
| Renter Occupied HU | 1,374 (27.6%) |
| Vacant Housing Units | 384 ( 7.7%) |
| Median Home Value | $135,782 |
| Average Home Value | $176,817 |
Housing Distribution
Address Breakdown
Residential
4,884
Single Family
4,551
Multi-Family
333
Businesses
504
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