813 E Fairplains StGreenvilleMI48838
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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 Greenville at 813 E Fairplains St, Greenville, MI, 48838 earns $180/mo cash flow from $1,829/mo rent with a $1,224/mo payment. Total monthly income totals $1,829/mo, and annual cash flow totals $2,160/yr on $82,875 capital. ROI tracks 22.52% on current figures, and rental yield reads 8.78% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 117.34% and total cumulative return in cash sums $97,246. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,829/mo property income instead of your personal income.
Multi Family
Built in 1900
6,806 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48838, Greenville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,395 (100%) |
| Owner Occupied HU | 6,106 (72.7%) |
| Renter Occupied HU | 1,708 (20.3%) |
| Vacant Housing Units | 581 ( 6.9%) |
| Median Home Value | $241,215 |
| Average Home Value | $271,533 |
Housing Distribution
Address Breakdown
Residential
8,154
Single Family
7,800
Multi-Family
354
Businesses
680
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Listed by: Linda S Lazarus • Michigan Top Producers
Mls Name: MichRIC
Mls Provider:
Mls ID: #25038815
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.