7895 W Herbison RdGrand LedgeMI48837
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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 Grand Ledge at 7895 W Herbison Rd, Grand Ledge, MI, 48837 uses $95,804 cash to close to unlock $7,808/yr annual cash flow and $651/mo monthly cash flow. Total monthly income runs $2,557/mo, and a $1,415/mo payment keeps the spread at $651/mo. Purchase price stands at $289,000, and rental yield measures 10.62% with $2,557/mo rent. Return on cash invested shows 28.06% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 147.08% and total cumulative return in cash records $140,906. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,557/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.42 Acres lot
$N/A/sqft
No 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
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Listed by: Alexa Colestock • Arrowhead Realty
Mls Name: Greater Lansing AOR
Mls ID: #293367