8874 E Main StGalesburgMI49053
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Nearby investment properties with comparable prices
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 Galesburg at 8874 E Main St, Galesburg, MI, 49053 offers a 9.5% rental yield on a $260,000 purchase with $2,059/mo rent. Total monthly income registers $2,059/mo, and a $1,273/mo payment leaves $344/mo available for distribution. Annual cash flow reaches $4,128/yr on $86,190 to close, and return on cash invested stands at 24.7% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 129.06% and total cumulative return in cash at $111,233. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,059/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49053, Galesburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,870 (100%) |
| Owner Occupied HU | 2,333 (81.3%) |
| Renter Occupied HU | 434 (15.1%) |
| Vacant Housing Units | 103 ( 3.6%) |
| Median Home Value | $281,479 |
| Average Home Value | $302,628 |
Housing Distribution
Address Breakdown
Residential
2,852
Single Family
2,741
Multi-Family
111
Businesses
159
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