1209 Grand AveGrand HavenMI49417
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
Investment Highlights
Rental property for sale in Grand Haven at 1209 Grand Ave, Grand Haven, MI, 49417 priced at $349,900 converts $2,654/mo rent into $346/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,654/mo, and annual cash flow totals $4,154/yr on $115,992 invested. Return on cash invested prints 23.49% in year one, and rental yield reads 9.1% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 122.62% and total cumulative return in cash sums $142,230. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,654/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1978
10,454 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: Patrick Clark • Greenridge Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #24062133
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.