3360 Rocky Point Ct SWGrandvilleMI49418
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 Grandville at 3360 Rocky Point Ct SW, Grandville, MI, 49418 at $463,500 posts ROI 29.2% with $1,190/mo cash flow from $4,247/mo rent. Total monthly income equals $4,247/mo, and annual cash flow records $14,280/yr on $153,650 to close. Return on cash invested measures 29.2% and rental yield reads 11% at the current $463,500. Equity gained on principal adds $2,991/yr, and 5% annual appreciation supports $128,057 by year five. Five-year ROI prints 153.24% and total cumulative return in cash totals $235,460.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,247/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1995
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49418, Grandville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,599 (100%) |
| Owner Occupied HU | 9,108 (67.0%) |
| Renter Occupied HU | 3,710 (27.3%) |
| Vacant Housing Units | 781 ( 5.7%) |
| Median Home Value | $339,505 |
| Average Home Value | $383,744 |
Housing Distribution
Address Breakdown
Residential
13,158
Single Family
12,047
Multi-Family
1,111
Businesses
1,101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel A Rabourn • RE/MAX of Grand Rapids (FH)
Mls Name: MichRIC
Mls Provider:
Mls ID: #24052309
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.