3825 Piute Dr 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
Rental property for sale in Grandville at 3825 Piute Dr SW, Grandville, MI, 49418 generates $5,330/mo in rent and, after a $2,427/mo payment, leaves $2,043/mo in cash flow. Total monthly income is $5,330/mo, and annual cash flow is $24,519/yr on $164,391 invested. Return on cash invested sits at 34.82% in year one, and rental yield is 12.9% on a $495,900 entry. Equity gained on principal adds $3,200/yr, while 5% annual appreciation builds toward $137,008 over five years. Five-year ROI reaches 183.41% and total cumulative return in cash sums $301,517. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,330/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
9,147 sqft lot
$N/A/sqft
$200 annually 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: Liem T Nguyen • Anchor Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24044241
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.