8663 Hill DrGrand JunctionMI49056
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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 Grand Junction at 8663 Hill Dr, Grand Junction, MI, 49056 offers $2,285/mo rent that, after a $4,890/mo payment. Total monthly income is $2,285/mo. Return on cash invested measures 4.35% in year one, and rental yield stands at 2.74% at a $999,000 entry. Equity gained on principal adds $6,446/yr while 5% annual appreciation compounds into $276,005 by year five. Five-year ROI records 19.9% and total cumulative return in cash reaches $65,402. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,285/mo property income versus a $4,890/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49056, Grand Junction, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,347 (100%) |
| Owner Occupied HU | 1,372 (58.5%) |
| Renter Occupied HU | 239 (10.2%) |
| Vacant Housing Units | 736 (31.4%) |
| Median Home Value | $200,592 |
| Average Home Value | $233,628 |
Housing Distribution
Address Breakdown
Residential
1,759
Single Family
1,759
Multi-Family
0
Businesses
37
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Nearby investment properties with comparable prices
Listed by: Janis Havice • Lakes & Country Real Estate Inc
Mls Name: MichRIC
Mls Provider:
Mls ID: #25005293
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.