783 Arthur DrGrass LakeMI49240
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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
Rental property for sale in Grass Lake at 783 Arthur Dr, Grass Lake, MI, 49240 priced at $215,000 converts $2,111/mo rent into $694/mo cash flow after a $1,052/mo obligation. Total monthly income equals $2,111/mo, and annual cash flow totals $8,322/yr on $71,273 invested. Return on cash invested prints 31.59% in year one, and rental yield reads 11.78% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 166.01% and total cumulative return in cash sums $118,321. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,111/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Manufactured
Built in 2008
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49240, Grass Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,858 (100%) |
| Owner Occupied HU | 3,252 (84.3%) |
| Renter Occupied HU | 289 ( 7.5%) |
| Vacant Housing Units | 317 ( 8.2%) |
| Median Home Value | $321,804 |
| Average Home Value | $356,895 |
Housing Distribution
Address Breakdown
Residential
3,700
Single Family
3,700
Multi-Family
0
Businesses
133
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Listed by: Jarchow & Lester • PRODUCTION REALTY - GRASS LAKE
Mls Name: MichRIC
Mls ID: #25046052