1920 Red Barn RdHudsonvilleMI49426
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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 Hudsonville at 1920 Red Barn Rd, Hudsonville, MI, 49426 earns $2,320/mo cash flow from $6,860/mo rent with a $3,353/mo payment. Total monthly income totals $6,860/mo, and annual cash flow totals $27,845/yr on $225,365 capital. ROI tracks 32.42% on current figures, and rental yield reads 12.02% at a $685,000 purchase. Equity gained on principal adds $4,420/yr, and 5% annual appreciation supports $189,253 over five years. Five-year ROI reaches 170.46% and total cumulative return in cash sums $384,166. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,860/mo property income instead of your personal income.
Single Family
Built in 2021
0.37 Acres lot
$N/A/sqft
$265 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
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Listed by: Christopher Billmeier • The Billmeier Group
Mls Name: MichRIC
Mls Provider:
Mls ID: #24032531
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.