Hickory Dr #A9PZ63Grand LedgeMI48837
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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 Ledge at Hickory Dr #A9PZ63, Grand Ledge, MI, 48837 with 5% annual appreciation on a $380,500 basis while $2,976/mo rent supports operations. Total monthly income totals $2,976/mo and a $1,862/mo payment preserves $467/mo for cash returns. Annual cash flow comes to $5,606/yr on $126,136 deployed, and return on cash invested reaches 24.35% in year one. Equity gained on principal adds $2,455/yr, and five-year appreciation sums $105,125 alongside rental yield of 9.39%. Five-year ROI measures 127.24% and total cumulative return in cash totals $160,490.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,976/mo property income versus a $1,862/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48837, Grand Ledge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,621 (100%) |
| Owner Occupied HU | 6,536 (75.8%) |
| Renter Occupied HU | 1,671 (19.4%) |
| Vacant Housing Units | 414 ( 4.8%) |
| Median Home Value | $275,513 |
| Average Home Value | $291,297 |
Housing Distribution
Address Breakdown
Residential
8,396
Single Family
7,745
Multi-Family
651
Businesses
503
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A