315 Franklin AveGrand HavenMI49417
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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
Total monthly income runs $3,134/mo, and a $4,405/mo payment. Purchase price stands at $899,900, and rental yield measures 4.18% with $3,134/mo rent. Return on cash invested shows 7.39% in year one, and 5% annual appreciation builds toward $248,626 over five years. Five-year ROI reaches 36.7% and total cumulative return in cash records $108,664. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,134/mo property income covering a $4,405/mo payment rather than investor’s personal income.
Condo
Built in 2021
N/A lot
$N/A/sqft
$325 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49417, Grand Haven, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,444 (100%) |
| Owner Occupied HU | 10,682 (69.2%) |
| Renter Occupied HU | 3,339 (21.6%) |
| Vacant Housing Units | 1,423 ( 9.2%) |
| Median Home Value | $353,641 |
| Average Home Value | $376,432 |
Housing Distribution
Address Breakdown
Residential
14,718
Single Family
13,133
Multi-Family
1,585
Businesses
1,205
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Listed by: Sandi L Gentry • RE/MAX Lakeshore
Mls Name: MichRIC
Mls Provider:
Mls ID: #25012292
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.