3229 Charlesgate Ave SWWyomingMI49509
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 Wyoming at 3229 Charlesgate Ave SW, Wyoming, MI, 49509 at $264,000 posts ROI 33.86% with $1,017/mo cash flow from $2,758/mo rent. Total monthly income equals $2,758/mo, and annual cash flow records $12,206/yr on $87,516 to close. Return on cash invested measures 33.86% and rental yield reads 12.54% at the current $264,000. Equity gained on principal adds $1,704/yr, and 5% annual appreciation supports $72,938 by year five. Five-year ROI prints 178.21% and total cumulative return in cash totals $155,965.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,758/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2001
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49509, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,584 (100%) |
| Owner Occupied HU | 7,689 (72.6%) |
| Renter Occupied HU | 2,668 (25.2%) |
| Vacant Housing Units | 227 ( 2.1%) |
| Median Home Value | $207,897 |
| Average Home Value | $239,716 |
Housing Distribution
Address Breakdown
Residential
10,959
Single Family
9,829
Multi-Family
1,130
Businesses
782
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