114 Elwood CtHollandMI49424
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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 Holland at 114 Elwood Ct, Holland, MI, 49424 uses $125,141 cash to close to unlock $6,627/yr annual cash flow and $552/mo monthly cash flow. Total monthly income runs $3,042/mo, and a $1,848/mo payment keeps the spread at $552/mo. Purchase price stands at $377,500, and rental yield measures 9.67% with $3,042/mo rent. Return on cash invested shows 25.2% in year one, and 5% annual appreciation builds toward $104,296 over five years. Five-year ROI reaches 131.8% and total cumulative return in cash records $164,936. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,042/mo property income covering a $1,848/mo payment rather than investor’s personal income.
Single Family
Built in 2000
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49424, Holland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,455 (100%) |
| Owner Occupied HU | 14,964 (73.2%) |
| Renter Occupied HU | 4,295 (21.0%) |
| Vacant Housing Units | 1,196 ( 5.8%) |
| Median Home Value | $329,806 |
| Average Home Value | $388,400 |
Housing Distribution
Address Breakdown
Residential
19,746
Single Family
18,493
Multi-Family
1,253
Businesses
1,300
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