7924 Gratiot AveColumbusMI48063
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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 Columbus at 7924 Gratiot Ave, Columbus, MI, 48063 offers a 8.31% rental yield on a $299,900 purchase with $2,077/mo rent. Total monthly income registers $2,077/mo, and a $1,468/mo payment leaves $99/mo available for distribution. Annual cash flow reaches $1,190/yr on $99,417 to close, and return on cash invested stands at 21.11% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 109.83% and total cumulative return in cash at $109,192. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,077/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48063, Columbus, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,681 (100%) |
| Owner Occupied HU | 1,433 (85.2%) |
| Renter Occupied HU | 191 (11.4%) |
| Vacant Housing Units | 57 ( 3.4%) |
| Median Home Value | $300,638 |
| Average Home Value | $327,926 |
Housing Distribution
Address Breakdown
Residential
1,706
Single Family
1,706
Multi-Family
0
Businesses
32
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