332 Sutherland AveWatervlietMI49098
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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
Investment property for sale in Watervliet at 332 Sutherland Ave, Watervliet, MI, 49098 offers a 9.1% rental yield on a $255,000 purchase with $1,933/mo rent. Total monthly income registers $1,933/mo, and a $1,248/mo payment leaves $252/mo available for distribution. Annual cash flow reaches $3,018/yr on $84,533 to close, and return on cash invested stands at 23.48% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,452 over five years. Portfolio math shows five-year ROI at 122.55% and total cumulative return in cash at $103,592. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,933/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49098, Watervliet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,880 (100%) |
| Owner Occupied HU | 1,776 (61.7%) |
| Renter Occupied HU | 544 (18.9%) |
| Vacant Housing Units | 560 (19.4%) |
| Median Home Value | $207,993 |
| Average Home Value | $291,250 |
Housing Distribution
Address Breakdown
Residential
2,643
Single Family
2,548
Multi-Family
95
Businesses
165
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Listed by: Christine Norland • Jaqua Realtors
Mls Name: MichRIC
Mls ID: #25045064