10749 Melanie DrAllendaleMI49401
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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 Allendale at 10749 Melanie Dr, Allendale, MI, 49401 listed at $416,855 pairs $2,713/mo rent with a $2,040/mo payment. Total monthly income runs $2,713/mo. Return on cash invested measures 19.44% in year one, and rental yield registers 7.81% at a $416,855 basis. Equity gained on principal adds $2,690/yr, and annual property appreciation at 5% supports $115,169 by year five. Five-year ROI tracks 100.9% and total cumulative return in cash totals $139,432. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,713/mo property income relative to a $2,040/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
0.48 Acres lot
$N/A/sqft
$225 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49401, Allendale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,824 (100%) |
| Owner Occupied HU | 4,699 (47.8%) |
| Renter Occupied HU | 4,684 (47.7%) |
| Vacant Housing Units | 441 ( 4.5%) |
| Median Home Value | $332,493 |
| Average Home Value | $344,488 |
Housing Distribution
Address Breakdown
Residential
8,674
Single Family
7,485
Multi-Family
1,189
Businesses
347
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