3024 Chalkstone Ln #112HudsonvilleMI49426
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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 3024 Chalkstone Ln #112, Hudsonville, MI, 49426 uses $34,806 cash to close to unlock $1,542/yr annual cash flow and $129/mo monthly cash flow. Total monthly income runs $821/mo, and a $514/mo payment keeps the spread at $129/mo. Purchase price stands at $104,995, and rental yield measures 9.38% with $821/mo rent. Return on cash invested shows 24.34% in year one, and 5% annual appreciation builds toward $29,008 over five years. Five-year ROI reaches 127.19% and total cumulative return in cash records $44,268. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $821/mo property income covering a $514/mo payment rather than investor’s personal income.
Manufactured
Built in 1999
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: Sales Representative • N/A
Mls Name: MHBO
Mls ID: #574330