293 Molen DrZeelandMI49464
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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 293 Molen Dr, Zeeland, MI, 49464 priced at $320,000 pairs $2,082/mo rent with after a $1,566/mo payment. Total monthly income equals $2,082/mo. Return on cash invested is 15.92% in year one, and rental yield stands at 7.81% on a $320,000 basis. Equity gained on principal adds $2,065/yr, and 5% annual appreciation accumulates to $88,410 by year five. Five-year ROI measures 83.27% and total cumulative return in cash reaches $88,335. For financing, Ziffy Mortgage’s DSCR program evaluates $2,082/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2000
N/A lot
$N/A/sqft
$325 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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