3020 Clyde Park Ave SWWyomingMI49509
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 Wyoming at 3020 Clyde Park Ave SW, Wyoming, MI, 49509 uses $88,511 cash to close to unlock $6,925/yr annual cash flow and $577/mo monthly cash flow. Total monthly income runs $2,338/mo, and a $1,307/mo payment keeps the spread at $577/mo. Purchase price stands at $267,000, and rental yield measures 10.51% with $2,338/mo rent. Return on cash invested shows 27.73% in year one, and 5% annual appreciation builds toward $73,767 over five years. Five-year ROI reaches 145.39% and total cumulative return in cash records $128,683. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,338/mo property income covering a $1,307/mo payment rather than investor’s personal income.
Single Family
Built in 1950
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49509, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,584 (100%) |
| Owner Occupied HU | 7,689 (72.6%) |
| Renter Occupied HU | 2,668 (25.2%) |
| Vacant Housing Units | 227 ( 2.1%) |
| Median Home Value | $207,897 |
| Average Home Value | $239,716 |
Housing Distribution
Address Breakdown
Residential
10,959
Single Family
9,829
Multi-Family
1,130
Businesses
782
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
