2997 Old Allegan RdFennvilleMI49408
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
Investment property for sale in Fennville at 2997 Old Allegan Rd, Fennville, MI, 49408 at $168,000 posts ROI 47.37% with $1,274/mo cash flow from $2,382/mo rent. Total monthly income equals $2,382/mo, and annual cash flow records $15,293/yr on $55,692 to close. Return on cash invested measures 47.37% and rental yield reads 17.01% at the current $168,000. Equity gained on principal adds $1,084/yr, and 5% annual appreciation supports $46,415 by year five. Five-year ROI prints 250.67% and total cumulative return in cash totals $139,601.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,382/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49408, Fennville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,896 (100%) |
| Owner Occupied HU | 3,416 (69.8%) |
| Renter Occupied HU | 538 (11.0%) |
| Vacant Housing Units | 942 (19.2%) |
| Median Home Value | $330,769 |
| Average Home Value | $479,057 |
Housing Distribution
Address Breakdown
Residential
4,202
Single Family
4,062
Multi-Family
140
Businesses
143
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