11345 40th Ave #7AllendaleMI49401
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.78 makes 11345 40th Ave #7, Allendale, MI, 49401 in Allendale one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 9.62%. The 9.62% yield, 5% annual appreciation ($37,298 over five years), and $1,243/yr in principal reduction project a total cumulative return of $44,906.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 8.0% |
| Monthly Cash Flow | $(123) | $175 |
City averages based on Allendale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,082 |
| Total Monthly Debt Service | $1,152 |
| DSCR Ratio | 0.94x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1985
1.70 Acres lot
$N/A/sqft
$315 monthly 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
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
Condo
Built in 1985
1.70 Acres lot
$N/A/sqft
$315 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
