1019 Colfax AveGrand HavenMI49417
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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
Rental property for sale in Grand Haven at 1019 Colfax Ave, Grand Haven, MI, 49417 generates $2,603/mo in rent and, after a $1,554/mo payment, leaves $509/mo in cash flow. Total monthly income is $2,603/mo, and annual cash flow is $6,113/yr on $105,218 invested. Return on cash invested sits at 25.72% in year one, and rental yield is 9.84% on a $317,400 entry. Equity gained on principal adds $2,048/yr, while 5% annual appreciation builds toward $87,692 over five years. Five-year ROI reaches 134.55% and total cumulative return in cash sums $141,567. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,603/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49417, Grand Haven, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,444 (100%) |
| Owner Occupied HU | 10,682 (69.2%) |
| Renter Occupied HU | 3,339 (21.6%) |
| Vacant Housing Units | 1,423 ( 9.2%) |
| Median Home Value | $353,641 |
| Average Home Value | $376,432 |
Housing Distribution
Address Breakdown
Residential
14,718
Single Family
13,133
Multi-Family
1,585
Businesses
1,205
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Listed by: Marcy Green • HomeRealty, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25039507
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.