15047 Mercury DrGrand 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
Total monthly income runs $2,164/mo, and a $3,279/mo payment. Purchase price stands at $669,900, and rental yield measures 3.88% with $2,164/mo rent. Return on cash invested shows 7.79% in year one, and 5% annual appreciation builds toward $185,081 over five years. Five-year ROI reaches 38.36% and total cumulative return in cash records $84,549. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,164/mo property income covering a $3,279/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.67 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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Listed by: Leigh VanderMolen • Greenridge Realty (EGR)
Mls Name: MichRIC
Mls Provider:
Mls ID: #24050956
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.