3087 Riley Ridge RdHollandMI49424
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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
Rental property for sale in Holland at 3087 Riley Ridge Rd, Holland, MI, 49424 generates $2,426/mo in rent and, after a $1,689/mo payment, leaves $151/mo in cash flow. Total monthly income is $2,426/mo, and annual cash flow is $1,806/yr on $114,368 invested. Return on cash invested sits at 21.49% in year one, and rental yield is 8.44% on a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 111.86% and total cumulative return in cash sums $127,936. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,426/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49424, Holland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,455 (100%) |
| Owner Occupied HU | 14,964 (73.2%) |
| Renter Occupied HU | 4,295 (21.0%) |
| Vacant Housing Units | 1,196 ( 5.8%) |
| Median Home Value | $329,806 |
| Average Home Value | $388,400 |
Housing Distribution
Address Breakdown
Residential
19,746
Single Family
18,493
Multi-Family
1,253
Businesses
1,300
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