641 Gilman StGarden CityMI48135
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 Garden City at 641 Gilman St, Garden City, MI, 48135 offers a 9.53% rental yield on a $279,900 purchase with $2,224/mo rent. Total monthly income registers $2,224/mo, and a $1,370/mo payment leaves $378/mo available for distribution. Annual cash flow reaches $4,538/yr on $92,787 to close, and return on cash invested stands at 24.8% in year one. Equity gained on principal adds $1,806/yr while 5% annual appreciation supports $77,331 over five years. Portfolio math shows five-year ROI at 129.64% and total cumulative return in cash at $120,289. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,224/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.26 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frank A Mastroianni • Real Estate One-Northville
Mls Name: Realcomp II
Mls ID: #20251060295