Hickory Dr #Q91B1MGrand LedgeMI48837
Nearby investment properties with comparable rents
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
Rental property for sale in Grand Ledge at Hickory Dr #Q91B1M, Grand Ledge, MI, 48837 priced at $375,400 pairs $3,060/mo rent with $585/mo cash flow after a $1,837/mo payment. Total monthly income equals $3,060/mo, and annual cash flow comes to $7,018/yr on $124,445 invested. Return on cash invested is 25.55% in year one, and rental yield stands at 9.78% on a $375,400 basis. Equity gained on principal adds $2,422/yr, and 5% annual appreciation accumulates to $103,716 by year five. Five-year ROI measures 133.61% and total cumulative return in cash reaches $166,268. For financing, Ziffy Mortgage’s DSCR program evaluates $3,060/mo property income against a $1,837/mo payment instead of your W2s, 1099s, or Tax returns.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A