19 Old Mill Dr UNIT 21HollandMI49423
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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
Investment property for sale in Holland at 19 Old Mill Dr UNIT 21, Holland, MI, 49423 uses $64,311 cash to close to unlock $3,182/yr annual cash flow and $265/mo monthly cash flow. Total monthly income runs $1,830/mo, and a $950/mo payment keeps the spread at $265/mo. Purchase price stands at $194,000, and rental yield measures 11.32% with $1,830/mo rent. Return on cash invested shows 24.86% in year one, and 5% annual appreciation builds toward $53,599 over five years. Five-year ROI reaches 131.9% and total cumulative return in cash records $84,824. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,830/mo property income covering a $950/mo payment rather than investor’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
$285 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49423, Holland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,394 (100%) |
| Owner Occupied HU | 13,784 (67.6%) |
| Renter Occupied HU | 5,226 (25.6%) |
| Vacant Housing Units | 1,384 ( 6.8%) |
| Median Home Value | $303,847 |
| Average Home Value | $367,518 |
Housing Distribution
Address Breakdown
Residential
19,491
Single Family
18,368
Multi-Family
1,123
Businesses
1,693
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