272 Fairway CtPlainwellMI49080
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 272 Fairway Ct, Plainwell, MI, 49080 in Plainwell worth modelling. At $349,000 with a 8.46% gross yield, the $2,461/mo rent leaves $160/mo after the $1,569/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.57 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $96,422 by year five; $3,214/yr in principal reduction adds further equity. Total projected return: $143,246.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.0% |
| Monthly Cash Flow | $160 | $800 |
City averages based on Plainwell market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,461 |
| Total Monthly Debt Service | $2,163 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1994
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49080, Plainwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,662 (100%) |
| Owner Occupied HU | 5,063 (76.0%) |
| Renter Occupied HU | 1,106 (16.6%) |
| Vacant Housing Units | 493 ( 7.4%) |
| Median Home Value | $284,087 |
| Average Home Value | $341,288 |
Housing Distribution
Address Breakdown
Residential
6,466
Single Family
6,104
Multi-Family
362
Businesses
427
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
Single Family
Built in 1994
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49080, Plainwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,662 (100%) |
| Owner Occupied HU | 5,063 (76.0%) |
| Renter Occupied HU | 1,106 (16.6%) |
| Vacant Housing Units | 493 ( 7.4%) |
| Median Home Value | $284,087 |
| Average Home Value | $341,288 |
Housing Distribution
Address Breakdown
Residential
6,466
Single Family
6,104
Multi-Family
362
Businesses
427
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices