218 S Harbor Dr UNIT 2Grand HavenMI49417
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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
Rental property for sale in Grand Haven at 218 S Harbor Dr UNIT 2, Grand Haven, MI, 49417 generates $2,226/mo in rent, after a $5,629/mo payment. Total monthly income is $2,226/mo. Return on cash invested sits at 3.11% in year one, and rental yield is 2.32% on a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation builds toward $317,724 over five years. Five-year ROI reaches 13.22% and total cumulative return in cash sums $49,257. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,226/mo property income rather than buyer’s personal income.
Condo
Built in 2020
6,098 sqft 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
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Listed by: Mark D Vriesman • Five Star Real Estate GH
Mls Name: MichRIC
Mls ID: #25061938