1024 Western AveWatervlietMI49098
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 Watervliet at 1024 Western Ave, Watervliet, MI, 49098 at $339,900 posts ROI 27.32% with $696/mo cash flow from $2,938/mo rent. Total monthly income equals $2,938/mo, and annual cash flow records $8,354/yr on $112,677 to close. Return on cash invested measures 27.32% and rental yield reads 10.37% at the current $339,900. Equity gained on principal adds $2,193/yr, and 5% annual appreciation supports $93,908 by year five. Five-year ROI prints 143.16% and total cumulative return in cash totals $161,303.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,938/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2023
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49098, Watervliet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,880 (100%) |
| Owner Occupied HU | 1,776 (61.7%) |
| Renter Occupied HU | 544 (18.9%) |
| Vacant Housing Units | 560 (19.4%) |
| Median Home Value | $207,993 |
| Average Home Value | $291,250 |
Housing Distribution
Address Breakdown
Residential
2,643
Single Family
2,548
Multi-Family
95
Businesses
165
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Nearby investment properties with comparable prices
Listed by: Nicholas F Scalise • Windy Mitten Properties LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25007445
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.