7674 Ringneck WayGregoryMI48137
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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 Gregory at 7674 Ringneck Way, Gregory, MI, 48137 uses $109,660 cash to close to unlock $9,416/yr annual cash flow and $785/mo monthly cash flow. Total monthly income runs $2,966/mo, and a $1,619/mo payment keeps the spread at $785/mo. Purchase price stands at $330,800, and rental yield measures 10.76% with $2,966/mo rent. Return on cash invested shows 28.5% in year one, and 5% annual appreciation builds toward $91,394 over five years. Five-year ROI reaches 149.42% and total cumulative return in cash records $163,858. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,966/mo property income covering a $1,619/mo payment rather than investor’s personal income.
Single Family
Built in 1990
2.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48137, Gregory, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,288 (100%) |
| Owner Occupied HU | 1,882 (82.3%) |
| Renter Occupied HU | 110 ( 4.8%) |
| Vacant Housing Units | 296 (12.9%) |
| Median Home Value | $343,612 |
| Average Home Value | $365,863 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
2,031
Multi-Family
0
Businesses
47
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