2809 Bridgeside Dr SECaledoniaMI49316
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 Caledonia at 2809 Bridgeside Dr SE, Caledonia, MI, 49316 priced at $299,900 pairs $2,251/mo rent with $16/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,251/mo, and annual cash flow comes to $194/yr on $99,417 invested. Return on cash invested is 20.1% in year one, and rental yield stands at 9.01% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 105.58% and total cumulative return in cash reaches $104,968. For financing, Ziffy Mortgage’s DSCR program evaluates $2,251/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1995
N/A lot
$N/A/sqft
$257 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49316, Caledonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,159 (100%) |
| Owner Occupied HU | 7,750 (84.6%) |
| Renter Occupied HU | 1,129 (12.3%) |
| Vacant Housing Units | 280 ( 3.1%) |
| Median Home Value | $368,883 |
| Average Home Value | $408,449 |
Housing Distribution
Address Breakdown
Residential
9,314
Single Family
8,633
Multi-Family
681
Businesses
535
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