2205 Recreation DrFennvilleMI49408
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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 Fennville at 2205 Recreation Dr, Fennville, MI, 49408 with 5% annual appreciation on a $1,300,000 basis while $2,321/mo rent supports operations. 56% in year one. Equity gained on principal adds $8,389/yr, and five-year appreciation sums $359,166 alongside rental yield of 2.14%. Five-year ROI measures 10.23% and total cumulative return in cash totals $43,107. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,321/mo property income versus a $6,363/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49408, Fennville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,896 (100%) |
| Owner Occupied HU | 3,416 (69.8%) |
| Renter Occupied HU | 538 (11.0%) |
| Vacant Housing Units | 942 (19.2%) |
| Median Home Value | $330,769 |
| Average Home Value | $479,057 |
Housing Distribution
Address Breakdown
Residential
4,202
Single Family
4,062
Multi-Family
140
Businesses
143
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