22 Grand 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
Rental property for sale in Grand Haven at 22 Grand Ave, Grand Haven, MI, 49417 priced at $1,590,000 converts $5,644/mo rent into after a $7,782/mo obligation. Total monthly income equals $5,644/mo. Return on cash invested prints 8.98% in year one, and rental yield reads 4.26% against a $1,590,000 entry. Equity gained on principal adds $10,260/yr, while 5% annual appreciation compiles into $439,288 by year five. Five-year ROI reaches 44.7% and total cumulative return in cash sums $230,300. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,644/mo property income covering a $7,782/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.50 Acres lot
$N/A/sqft
$600 annually 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: Lisa R Franklin • HomeRealty, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24039662
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.