2700 Van Dam Dr NEBelmontMI49306
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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 Belmont at 2700 Van Dam Dr NE, Belmont, MI, 49306 uses $124,313 cash to close to unlock $18,930/yr annual cash flow and $1,578/mo monthly cash flow. Total monthly income runs $4,050/mo, and a $1,835/mo payment keeps the spread at $1,578/mo. Purchase price stands at $375,000, and rental yield measures 12.96% with $4,050/mo rent. Return on cash invested shows 35.14% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 185.03% and total cumulative return in cash records $230,019. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,050/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1988
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49306, Belmont, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,241 (100%) |
| Owner Occupied HU | 4,025 (94.9%) |
| Renter Occupied HU | 148 ( 3.5%) |
| Vacant Housing Units | 68 ( 1.6%) |
| Median Home Value | $387,841 |
| Average Home Value | $428,439 |
Housing Distribution
Address Breakdown
Residential
4,105
Single Family
4,035
Multi-Family
70
Businesses
232
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