421 E Central AveZeelandMI49464
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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 Zeeland at 421 E Central Ave, Zeeland, MI, 49464 priced at $328,000 converts $2,580/mo rent into $417/mo cash flow after a $1,605/mo obligation. Total monthly income equals $2,580/mo, and annual cash flow totals $5,009/yr on $108,732 invested. Return on cash invested prints 24.52% in year one, and rental yield reads 9.44% against a $328,000 entry. Equity gained on principal adds $2,117/yr, while 5% annual appreciation compiles into $90,620 by year five. Five-year ROI reaches 128.09% and total cumulative return in cash sums $139,279. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,580/mo property income covering a $1,605/mo payment, not borrower’s personal income.
Single Family
Built in 1945
8,843 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49464, Zeeland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,962 (100%) |
| Owner Occupied HU | 9,423 (86.0%) |
| Renter Occupied HU | 1,346 (12.3%) |
| Vacant Housing Units | 193 ( 1.8%) |
| Median Home Value | $352,703 |
| Average Home Value | $373,138 |
Housing Distribution
Address Breakdown
Residential
10,571
Single Family
10,204
Multi-Family
367
Businesses
783
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