8247 Manchester DrGrand BlancMI48439
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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 Blanc at 8247 Manchester Dr, Grand Blanc, MI, 48439 uses $96,135 cash to close to unlock $10,560/yr annual cash flow and $880/mo monthly cash flow. Total monthly income runs $2,792/mo, and a $1,419/mo payment keeps the spread at $880/mo. Purchase price stands at $290,000, and rental yield measures 11.55% with $2,792/mo rent. Return on cash invested shows 30.89% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 162.28% and total cumulative return in cash records $156,004. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,792/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48439, Grand Blanc, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,970 (100%) |
| Owner Occupied HU | 15,548 (70.8%) |
| Renter Occupied HU | 5,440 (24.8%) |
| Vacant Housing Units | 982 ( 4.5%) |
| Median Home Value | $273,989 |
| Average Home Value | $306,474 |
Housing Distribution
Address Breakdown
Residential
22,196
Single Family
20,615
Multi-Family
1,581
Businesses
894
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Listed by: Kathy T Quayle • Coldwell Banker Kuehnle & Associates
Mls Name: MiRealSource
Mls ID: #50190967