1203 Waverly AveGrand HavenMI49417
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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 Grand Haven at 1203 Waverly Ave, Grand Haven, MI, 49417 uses $82,842 cash to close to unlock $1,670/yr annual cash flow and $139/mo monthly cash flow. Total monthly income runs $1,787/mo, and a $1,223/mo payment keeps the spread at $139/mo. Purchase price stands at $249,900, and rental yield measures 8.58% with $1,787/mo rent. Return on cash invested shows 21.92% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 114.24% and total cumulative return in cash records $94,634. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,787/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1954
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49417, Grand Haven, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,444 (100%) |
| Owner Occupied HU | 10,682 (69.2%) |
| Renter Occupied HU | 3,339 (21.6%) |
| Vacant Housing Units | 1,423 ( 9.2%) |
| Median Home Value | $353,641 |
| Average Home Value | $376,432 |
Housing Distribution
Address Breakdown
Residential
14,718
Single Family
13,133
Multi-Family
1,585
Businesses
1,205
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Listed by: Alex Reinsma • Real Estate West
Mls Name: MichRIC
Mls ID: #25035835