8550 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
Rental property for sale in Columbus at 8550 Gratiot Ave, Columbus, MI, 48063 generates $1,302/mo in rent, after a $1,224/mo payment. Total monthly income is $1,302/mo. Return on cash invested sits at 14.88% in year one, and rental yield is 6.25% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 76.44% and total cumulative return in cash sums $63,346. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,302/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
3.35 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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