1049 Fairfield DrHudsonvilleMI49426
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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
Investment property for sale in Hudsonville at 1049 Fairfield Dr, Hudsonville, MI, 49426 uses $96,102 cash to close to unlock $2,618/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $2,130/mo, and a $1,419/mo payment keeps the spread at $218/mo. Purchase price stands at $289,900, and rental yield measures 8.82% with $2,130/mo rent. Return on cash invested shows 22.63% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 118.03% and total cumulative return in cash records $113,433. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,130/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Condo
Built in 1992
N/A lot
$N/A/sqft
No 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
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Listed by: Susan Shively • Five Star Real Estate (Main)
Mls Name: MichRIC
Mls ID: #26001425