Zip Code 48837 — Grand Ledge, MI
🔴WEAK— appreciation play onlyF
Poor
Negative cash flow likely · Score: 21/100
Cap Rate
2.9%
Monthly Cash Flow
-$881
Median Home Price
$301,150
DSCR
0.45
Fair Market Rents
- Studio
- $830/mo
- 1 Bedroom
- $870/mo
- 2 Bedroom
- $1,070/mo
- 3 Bedroom
- $1,400/mo
- 4 Bedroom
- $1,430/mo
Investment Metrics
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -15.3%
- Price-to-Rent Ratio
- 17.9
- 1% Rule
- 0.46%
- Gross Rent Multiplier
- 17.9
- Vacancy Rate
- 8.0%
Assumptions Used
20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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