300 Farington Blvd APT 30HollandMI49423
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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 Holland at 300 Farington Blvd APT 30, Holland, MI, 49423 uses $62,952 cash to close to unlock $2,270/yr annual cash flow and $189/mo monthly cash flow. Total monthly income runs $1,741/mo, and a $929/mo payment keeps the spread at $189/mo. Purchase price stands at $189,900, and rental yield measures 11% with $1,741/mo rent. Return on cash invested shows 23.51% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 124.85% and total cumulative return in cash records $78,593. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,741/mo property income covering a $929/mo payment rather than investor’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49423, Holland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,394 (100%) |
| Owner Occupied HU | 13,784 (67.6%) |
| Renter Occupied HU | 5,226 (25.6%) |
| Vacant Housing Units | 1,384 ( 6.8%) |
| Median Home Value | $303,847 |
| Average Home Value | $367,518 |
Housing Distribution
Address Breakdown
Residential
19,491
Single Family
18,368
Multi-Family
1,123
Businesses
1,693
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