5299 124th Ave LOT 11FennvilleMI49408
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.79, 5299 124th Ave LOT 11, Fennville, MI, 49408 in Fennville sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 9.53%. The 9.53% yield is backed by 5% annual appreciation projecting $32,878 in value gain, plus $1,096/yr in principal reduction. Total projected cumulative return: $27,569.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.5% |
| Monthly Cash Flow | $(320) | $850 |
City averages based on Fennville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $956 |
| Total Monthly Debt Service | $1,217 |
| DSCR Ratio | 0.79x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2001
N/A lot
$N/A/sqft
$480 monthly 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
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
Manufactured
Built in 2001
N/A lot
$N/A/sqft
$480 monthly 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