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Investor loans · Garden City, MI
DSCR and investor loans in Garden City, MI
What a rental here earns against what it costs, the deals on the market, and lenders who finance investors.
- Homes for sale now
- 51
- MLS and Zillow listings, for sale or pending
- Median asking price
- $219,900
- Across the homes for sale now
- Median sale price
- $221,000
- Homes sold in the last 12 months
- Census median rent
- $1,150
- What renters here pay a month
The numbers for Garden City
Worked from the local figures above. Each one says what it assumes; your own numbers come from your lender, agent or title company.
Rent to price
0.75%
A month's rent ($1,650) over the median asking price ($219,900); 1% is the old rule of thumb
Gross yield
9.0%
A year's rent over the price, before taxes, insurance, repairs and vacancy
25% down on the median
$55,000
What most DSCR lenders ask an investor to bring
Homes for sale in Garden City
Every home for sale in Garden CityZillow
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Zillow
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Homes for sale, up to 300. Zoom in for prices; tap a pin to open the home.
Investor loans nearby
Who you are dealing with
Tevin Jackson, founder of Rebuild Detroit
Tevin Jackson founded Rebuild Detroit to put Metro Detroit's homes, numbers and local pros in one place you can trust. Every figure on this Garden City page says where it comes from, and every pro listed is ranked the same way, by reviews, license and years in business.
- Detroit real estate investor
- Author of Against All Odds and The Spark
- Helped scale 100+ home service brands
More for Garden City
Selling in Garden City
Buying and renting in Garden City
Owning a home in Garden City
Near Garden City
Investor loans in Garden City FAQ
2 questions
Do rentals in Garden City cash flow?
A month's rent here runs about $1,650 against a median asking price of $219,900. A DSCR lender wants the rent to cover the payment, taxes and insurance, usually by 1.0 to 1.25 times.
Where do these numbers come from?
Census five-year estimates for the place, the MLS and Zillow listings and sales in the Rebuild Detroit homes index, and the Rebuild Detroit directory for the local pros.