230 S State St APT 84ZeelandMI49464
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Zeeland at 230 S State St APT 84, Zeeland, MI, 49464 generates $1,349/mo in rent and, after a $832/mo payment, leaves $228/mo in cash flow. Total monthly income is $1,349/mo, and annual cash flow is $2,738/yr on $56,322 invested. Return on cash invested sits at 24.77% in year one, and rental yield is 9.53% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 129.52% and total cumulative return in cash sums $72,950. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,349/mo property income rather than buyer’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices