31 W Lakewood BlvdHollandMI49424
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 Holland at 31 W Lakewood Blvd, Holland, MI, 49424 uses $82,875 cash to close to unlock $8,064/yr annual cash flow and $672/mo monthly cash flow. Total monthly income runs $2,321/mo, and a $1,224/mo payment keeps the spread at $672/mo. Purchase price stands at $250,000, and rental yield measures 11.14% with $2,321/mo rent. Return on cash invested shows 29.64% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 155.52% and total cumulative return in cash records $128,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,321/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,969 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices