422 N Main StWatervlietMI49098
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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 Watervliet at 422 N Main St, Watervliet, MI, 49098 with 5% annual appreciation on a $199,000 basis while $1,639/mo rent supports operations. Total monthly income totals $1,639/mo and a $974/mo payment preserves $327/mo for cash returns. Annual cash flow comes to $3,920/yr on $65,969 deployed, and return on cash invested reaches 25.85% in year one. Equity gained on principal adds $1,284/yr, and five-year appreciation sums $54,980 alongside rental yield of 9.88%. Five-year ROI measures 135.26% and total cumulative return in cash totals $89,226.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,639/mo property income versus a $974/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1947
0.30 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: Kerry M Wright • Wright Properties
Mls Name: MichRIC
Mls ID: #25050369