15385 Meadowlark DrGrand 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
Investment property for sale in Grand Haven at 15385 Meadowlark Dr, Grand Haven, MI, 49417 uses $140,854 cash to close to unlock $1,388/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $2,918/mo, and a $2,080/mo payment keeps the spread at $116/mo. Purchase price stands at $424,900, and rental yield measures 8.24% with $2,918/mo rent. Return on cash invested shows 20.89% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 108.66% and total cumulative return in cash records $153,045. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,918/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 2006
0.56 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christine Estep • Greenridge Realty
Mls Name: MichRIC
Mls ID: #25044335