509 S Ferry StGrand HavenMI49417
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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 Grand Haven at 509 S Ferry St, Grand Haven, MI, 49417 earns $60/mo cash flow from $2,302/mo rent with a $1,664/mo payment. Total monthly income totals $2,302/mo, and annual cash flow totals $720/yr on $112,710 capital. ROI tracks 20.55% on current figures, and rental yield reads 8.12% at a $340,000 purchase. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,936 over five years. Five-year ROI reaches 106.79% and total cumulative return in cash sums $120,366. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,302/mo property income instead of your personal income.
Single Family
Built in 1942
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49417, Grand Haven, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,444 (100%) |
| Owner Occupied HU | 10,682 (69.2%) |
| Renter Occupied HU | 3,339 (21.6%) |
| Vacant Housing Units | 1,423 ( 9.2%) |
| Median Home Value | $353,641 |
| Average Home Value | $376,432 |
Housing Distribution
Address Breakdown
Residential
14,718
Single Family
13,133
Multi-Family
1,585
Businesses
1,205
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Listed by: Mark Wierenga • Five Star Real Estate GH
Mls Name: MichRIC
Mls ID: #25043828