1910 Mellowwood Ct EJenisonMI49428
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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 Jenison at 1910 Mellowwood Ct E, Jenison, MI, 49428 uses $151,330 cash to close to unlock $8,471/yr annual cash flow and $706/mo monthly cash flow. Total monthly income runs $3,716/mo, and a $2,234/mo payment keeps the spread at $706/mo. Purchase price stands at $456,500, and rental yield measures 9.77% with $3,716/mo rent. Return on cash invested shows 25.51% in year one, and 5% annual appreciation builds toward $126,123 over five years. Five-year ROI reaches 133.38% and total cumulative return in cash records $201,847. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,716/mo property income covering a $2,234/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49428, Jenison, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,104 (100%) |
| Owner Occupied HU | 9,207 (82.9%) |
| Renter Occupied HU | 1,557 (14.0%) |
| Vacant Housing Units | 340 ( 3.1%) |
| Median Home Value | $305,908 |
| Average Home Value | $331,957 |
Housing Distribution
Address Breakdown
Residential
10,503
Single Family
9,826
Multi-Family
677
Businesses
595
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