5233 124th AveFennvilleMI49408
Nearby investment properties with comparable rents
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
Investment property for sale in Fennville at 5233 124th Ave, Fennville, MI, 49408 earns $130/mo cash flow from $3,097/mo rent with a $2,202/mo payment. Total monthly income totals $3,097/mo, and annual cash flow totals $1,562/yr on $149,142 capital. ROI tracks 20.96% on current figures, and rental yield reads 8.26% at a $449,900 purchase. Equity gained on principal adds $2,903/yr, and 5% annual appreciation supports $124,299 over five years. Five-year ROI reaches 109.01% and total cumulative return in cash sums $162,586. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,097/mo property income instead of your personal income.
Single Family
Built in 1920
3.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49408, Fennville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,896 (100%) |
| Owner Occupied HU | 3,416 (69.8%) |
| Renter Occupied HU | 538 (11.0%) |
| Vacant Housing Units | 942 (19.2%) |
| Median Home Value | $330,769 |
| Average Home Value | $479,057 |
Housing Distribution
Address Breakdown
Residential
4,202
Single Family
4,062
Multi-Family
140
Businesses
143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices