6981 Castleton DrGrand LedgeMI48837
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 6981 Castleton Dr, Grand Ledge, MI, 48837 in Grand Ledge. Priced at $325,000, it generates $4,672/mo in gross rent and $2,423/mo in net monthly cash flow, a 17.25% yield that comfortably supports the 3.20 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $29,081. Five-year appreciation: $89,792. Equity from principal paydown: $2,993/yr. Total projected cumulative return: $280,290.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.3% | 8.2% |
| Monthly Cash Flow | $2,423 | $350 |
City averages based on Grand Ledge market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,672 |
| Total Monthly Debt Service | $2,119 |
| DSCR Ratio | 2.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2012
6,969 sqft lot
$N/A/sqft
$105 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48837, Grand Ledge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,621 (100%) |
| Owner Occupied HU | 6,536 (75.8%) |
| Renter Occupied HU | 1,671 (19.4%) |
| Vacant Housing Units | 414 ( 4.8%) |
| Median Home Value | $275,513 |
| Average Home Value | $291,297 |
Housing Distribution
Address Breakdown
Residential
8,396
Single Family
7,745
Multi-Family
651
Businesses
503
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
Single Family
Built in 2012
6,969 sqft lot
$N/A/sqft
$105 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48837, Grand Ledge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,621 (100%) |
| Owner Occupied HU | 6,536 (75.8%) |
| Renter Occupied HU | 1,671 (19.4%) |
| Vacant Housing Units | 414 ( 4.8%) |
| Median Home Value | $275,513 |
| Average Home Value | $291,297 |
Housing Distribution
Address Breakdown
Residential
8,396
Single Family
7,745
Multi-Family
651
Businesses
503
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices