1345 Nevada Ridge Dr SW #46, Byron Center, MI, 49315 | $182/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Byron Center at 1345 Nevada Ridge Dr SW #46, Byron Center, MI, 49315 generates $2,136/mo in rent and, after a $1,224/mo payment, leaves $182/mo in cash flow. Total monthly income is $2,136/mo, and annual cash flow is $2,184/yr on $82,875 invested. Return on cash invested sits at 22.54% in year one, and rental yield is 10.25% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 119.09% and total cumulative return in cash sums $98,698. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,136/mo property income rather than buyer’s personal income.

Condo

Built in 2002

N/A lot

$N/A/sqft

$305 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49315, Byron Center, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,640 (100%)
Owner Occupied HU	9,012 (84.7%)
Renter Occupied HU	1,223 (11.5%)
Vacant Housing Units	405 ( 3.8%)
Median Home Value	$391,039
Average Home Value	$441,361