4114 John Goff RdWatervlietMI49098
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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
Rental property for sale in Watervliet at 4114 John Goff Rd, Watervliet, MI, 49098 generates $3,527/mo in rent and, after a $1,444/mo payment, leaves $1,582/mo in cash flow. Total monthly income is $3,527/mo, and annual cash flow is $18,978/yr on $97,793 invested. Return on cash invested sits at 39.32% in year one, and rental yield is 14.35% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 207.44% and total cumulative return in cash sums $202,862. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,527/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.90 Acres 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: Carla Galbraith • Coldwell Banker Anchor R.E.
Mls Name: MichRIC
Mls Provider:
Mls ID: #24041803
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.