230 S State St APT 137ZeelandMI49464
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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 Zeeland at 230 S State St APT 137, Zeeland, MI, 49464 earns $45/mo cash flow from $1,604/mo rent with a $967/mo payment. Total monthly income totals $1,604/mo, and annual cash flow totals $543/yr on $65,471 capital. ROI tracks 20.74% on current figures, and rental yield reads 9.75% at a $197,500 purchase. Equity gained on principal adds $1,274/yr, and 5% annual appreciation supports $54,566 over five years. Five-year ROI reaches 109.57% and total cumulative return in cash sums $71,739. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,604/mo property income instead of your personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$256 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49464, Zeeland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,962 (100%) |
| Owner Occupied HU | 9,423 (86.0%) |
| Renter Occupied HU | 1,346 (12.3%) |
| Vacant Housing Units | 193 ( 1.8%) |
| Median Home Value | $352,703 |
| Average Home Value | $373,138 |
Housing Distribution
Address Breakdown
Residential
10,571
Single Family
10,204
Multi-Family
367
Businesses
783
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