1726 N Bay DrHudsonvilleMI49426
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 Hudsonville at 1726 N Bay Dr, Hudsonville, MI, 49426 offers $4,459/mo rent that, after a $5,311/mo payment. Total monthly income is $4,459/mo. Return on cash invested measures 11.05% in year one, and rental yield stands at 4.93% at a $1,085,000 entry. Equity gained on principal adds $7,001/yr while 5% annual appreciation compounds into $299,766 by year five. Five-year ROI records 55.83% and total cumulative return in cash reaches $196,250. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,459/mo property income versus a $5,311/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.34 Acres lot
$N/A/sqft
$410 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49426, Hudsonville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,184 (100%) |
| Owner Occupied HU | 13,407 (88.3%) |
| Renter Occupied HU | 1,571 (10.3%) |
| Vacant Housing Units | 206 ( 1.4%) |
| Median Home Value | $374,503 |
| Average Home Value | $404,181 |
Housing Distribution
Address Breakdown
Residential
15,064
Single Family
14,846
Multi-Family
218
Businesses
739
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Arija Wilcox • Keller Williams GR North
Mls Name: MichRIC
Mls Provider:
Mls ID: #25000989
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.