65085 Gramer RdLenoxMI48050
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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 Lenox at 65085 Gramer Rd, Lenox, MI, 48050 listed at $499,999 pairs $3,488/mo rent with a $2,447/mo payment to leave $191/mo cash flow. Total monthly income runs $3,488/mo, and annual cash flow reaches $2,292/yr on $165,750 cash to close. Return on cash invested measures 21.29% in year one, and rental yield registers 8.37% at a $499,999 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,141 by year five. Five-year ROI tracks 110.77% and total cumulative return in cash totals $183,607. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,488/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
5.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48050, New Haven, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 639 (100%) |
| Owner Occupied HU | 580 (90.8%) |
| Renter Occupied HU | 30 ( 4.7%) |
| Vacant Housing Units | 29 ( 4.5%) |
| Median Home Value | $364,602 |
| Average Home Value | $401,336 |
Housing Distribution
Address Breakdown
Residential
646
Single Family
646
Multi-Family
0
Businesses
23
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