427 W Chart StPlainwellMI49080
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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 Plainwell at 427 W Chart St, Plainwell, MI, 49080 uses $59,670 cash to close to unlock $11,328/yr annual cash flow and $944/mo monthly cash flow. Total monthly income runs $2,131/mo, and a $881/mo payment keeps the spread at $944/mo. Purchase price stands at $180,000, and rental yield measures 14.21% with $2,131/mo rent. Return on cash invested shows 38.89% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 205.18% and total cumulative return in cash records $122,429. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,131/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49080, Plainwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,662 (100%) |
| Owner Occupied HU | 5,063 (76.0%) |
| Renter Occupied HU | 1,106 (16.6%) |
| Vacant Housing Units | 493 ( 7.4%) |
| Median Home Value | $284,087 |
| Average Home Value | $341,288 |
Housing Distribution
Address Breakdown
Residential
6,466
Single Family
6,104
Multi-Family
362
Businesses
427
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