1024 Castlebay Way #13HudsonvilleMI49426
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
Investment property for sale in Hudsonville at 1024 Castlebay Way #13, Hudsonville, MI, 49426 earns $409/mo cash flow from $2,915/mo rent with a $1,664/mo payment. Total monthly income totals $2,915/mo, and annual cash flow totals $4,910/yr on $112,677 capital. ROI tracks 24.27% on current figures, and rental yield reads 10.29% at a $339,900 purchase. Equity gained on principal adds $2,193/yr, and 5% annual appreciation supports $93,908 over five years. Five-year ROI reaches 127.8% and total cumulative return in cash sums $143,999. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,915/mo property income instead of your personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$264 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49426, Hudsonville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,184 (100%) |
| Owner Occupied HU | 13,407 (88.3%) |
| Renter Occupied HU | 1,571 (10.3%) |
| Vacant Housing Units | 206 ( 1.4%) |
| Median Home Value | $374,503 |
| Average Home Value | $404,181 |
Housing Distribution
Address Breakdown
Residential
15,064
Single Family
14,846
Multi-Family
218
Businesses
739
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott E Chandler • Apex Realty Group
Mls Name: MichRIC
Mls Provider:
Mls ID: #25002541
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.