3048 Gilmore LnJenisonMI49428
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
Rental property for sale in Jenison at 3048 Gilmore Ln, Jenison, MI, 49428 priced at $409,900 converts $3,084/mo rent into $348/mo cash flow after a $2,006/mo obligation. Total monthly income equals $3,084/mo, and annual cash flow totals $4,174/yr on $135,882 invested. Return on cash invested prints 22.98% in year one, and rental yield reads 9.03% against a $409,900 entry. Equity gained on principal adds $2,645/yr, while 5% annual appreciation compiles into $113,248 by year five. Five-year ROI reaches 119.95% and total cumulative return in cash sums $162,988. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,084/mo property income covering a $2,006/mo payment, not borrower’s personal income.
Single Family
Built in 2010
7,840 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49428, Jenison, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,104 (100%) |
| Owner Occupied HU | 9,207 (82.9%) |
| Renter Occupied HU | 1,557 (14.0%) |
| Vacant Housing Units | 340 ( 3.1%) |
| Median Home Value | $305,908 |
| Average Home Value | $331,957 |
Housing Distribution
Address Breakdown
Residential
10,503
Single Family
9,826
Multi-Family
677
Businesses
595
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