1237 Orchard AveGrand HavenMI49417
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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 1237 Orchard Ave, Grand Haven, MI, 49417 offers $3,799/mo rent that, after a $1,336/mo payment, leaves $1,999/mo cash flow. Total monthly income is $3,799/mo, and annual cash flow is $23,987/yr on $90,500 cash. Return on cash invested measures 46.41% in year one, and rental yield stands at 16.7% at a $273,000 entry. Equity gained on principal adds $1,762/yr while 5% annual appreciation compounds into $75,425 by year five. Five-year ROI records 245.5% and total cumulative return in cash reaches $222,175. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,799/mo property income versus a $1,336/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.28 Acres 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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Nearby investment properties with comparable prices
Listed by: Heather K Robinson-Sleutel • Bay North Realty Co.
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #474876
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.