3593 Mill Point Dr SEKentwoodMI49512
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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 $2,634/mo, and a $2,202/mo payment. Purchase price stands at $449,900, and rental yield measures 7.03% with $2,634/mo rent. Return on cash invested shows 15.62% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 80.99% and total cumulative return in cash records $120,790. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,634/mo property income covering a $2,202/mo payment rather than investor’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49512, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,146 (100%) |
| Owner Occupied HU | 4,073 (44.5%) |
| Renter Occupied HU | 4,640 (50.7%) |
| Vacant Housing Units | 433 ( 4.7%) |
| Median Home Value | $320,719 |
| Average Home Value | $334,005 |
Housing Distribution
Address Breakdown
Residential
8,547
Single Family
4,842
Multi-Family
3,705
Businesses
1,603
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