2979 Stoney Creek CtHudsonvilleMI49426
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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 Hudsonville at 2979 Stoney Creek Ct, Hudsonville, MI, 49426 uses $104,423 cash to close to unlock $7,314/yr annual cash flow and $610/mo monthly cash flow. Total monthly income runs $2,687/mo, and a $1,542/mo payment keeps the spread at $610/mo. Purchase price stands at $315,000, and rental yield measures 10.24% with $2,687/mo rent. Return on cash invested shows 26.91% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 140.94% and total cumulative return in cash records $147,173. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,687/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49426, Hudsonville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,184 (100%) |
| Owner Occupied HU | 13,407 (88.3%) |
| Renter Occupied HU | 1,571 (10.3%) |
| Vacant Housing Units | 206 ( 1.4%) |
| Median Home Value | $374,503 |
| Average Home Value | $404,181 |
Housing Distribution
Address Breakdown
Residential
15,064
Single Family
14,846
Multi-Family
218
Businesses
739
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Listed by: James M Chertos • Bellabay Realty LLC
Mls Name: MichRIC
Mls ID: #25038403