66223 Grey Lake RdSturgisMI49091
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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 Sturgis at 66223 Grey Lake Rd, Sturgis, MI, 49091 uses $112,544 cash to close to unlock $5,794/yr annual cash flow and $483/mo monthly cash flow. Total monthly income runs $2,722/mo, and a $1,662/mo payment keeps the spread at $483/mo. Purchase price stands at $339,500, and rental yield measures 9.62% with $2,722/mo rent. Return on cash invested shows 25.06% in year one, and 5% annual appreciation builds toward $93,798 over five years. Five-year ROI reaches 130.98% and total cumulative return in cash records $147,413. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,722/mo property income covering a $1,662/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49091, Sturgis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,734 (100%) |
| Owner Occupied HU | 5,515 (63.1%) |
| Renter Occupied HU | 2,168 (24.8%) |
| Vacant Housing Units | 1,051 (12.0%) |
| Median Home Value | $184,271 |
| Average Home Value | $220,724 |
Housing Distribution
Address Breakdown
Residential
8,139
Single Family
7,258
Multi-Family
881
Businesses
611
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