22 Edwards AveGrand 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
Investment property for sale in Grand Haven at 22 Edwards Ave, Grand Haven, MI, 49417 listed at $849,000 pairs $4,136/mo rent with a $4,155/mo payment. Total monthly income runs $4,136/mo. Return on cash invested measures 13.78% in year one, and rental yield registers 5.85% at a $849,000 basis. Equity gained on principal adds $5,478/yr, and annual property appreciation at 5% supports $234,563 by year five. Five-year ROI tracks 70.47% and total cumulative return in cash totals $196,832. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,136/mo property income relative to a $4,155/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1898
N/A 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: Jeffrey Poppen • Poppen Realty Group LLC
Mls Name: MichRIC
Mls ID: #24046132