3707 Elm Ridge DrHollandMI49424
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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 Holland at 3707 Elm Ridge Dr, Holland, MI, 49424 earns $164/mo cash flow from $2,406/mo rent with a $1,664/mo payment. Total monthly income totals $2,406/mo, and annual cash flow totals $1,970/yr on $112,677 capital. ROI tracks 21.66% on current figures, and rental yield reads 8.49% at a $339,900 purchase. Equity gained on principal adds $2,193/yr, and 5% annual appreciation supports $93,908 over five years. Five-year ROI reaches 112.78% and total cumulative return in cash sums $127,079. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,406/mo property income instead of your personal income.
Single Family
Built in 2004
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49424, Holland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,455 (100%) |
| Owner Occupied HU | 14,964 (73.2%) |
| Renter Occupied HU | 4,295 (21.0%) |
| Vacant Housing Units | 1,196 ( 5.8%) |
| Median Home Value | $329,806 |
| Average Home Value | $388,400 |
Housing Distribution
Address Breakdown
Residential
19,746
Single Family
18,493
Multi-Family
1,253
Businesses
1,300
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