417 E Parsons AveWatervlietMI49098
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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 Watervliet at 417 E Parsons Ave, Watervliet, MI, 49098 priced at $173,900 pairs $1,511/mo rent with $364/mo cash flow after a $851/mo payment. Total monthly income equals $1,511/mo, and annual cash flow comes to $4,372/yr on $57,648 invested. Return on cash invested is 27.49% in year one, and rental yield stands at 10.43% on a $173,900 basis. Equity gained on principal adds $1,122/yr, and 5% annual appreciation accumulates to $48,045 by year five. Five-year ROI measures 144.11% and total cumulative return in cash reaches $83,074. For financing, Ziffy Mortgage’s DSCR program evaluates $1,511/mo property income against a $851/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1950
9,147 sqft 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: Dave Ryskamp • Turnkey Realty LLC
Mls Name: MichRIC
Mls ID: #25043029