5584/5585 W Creeks Xing #5584/5585WilliamsburgMI49690
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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 Williamsburg at 5584/5585 W Creeks Xing #5584/5585, Williamsburg, MI, 49690 offers a 4.62% rental yield on a $390,000 purchase with $1,500/mo rent. 96% in year one. Equity gained on principal adds $2,517/yr while 5% annual appreciation supports $107,750 over five years. Portfolio math shows five-year ROI at 50% and total cumulative return in cash at $64,640. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,500/mo property income against a $1,909/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49690, Williamsburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,990 (100%) |
| Owner Occupied HU | 2,399 (60.1%) |
| Renter Occupied HU | 406 (10.2%) |
| Vacant Housing Units | 1,185 (29.7%) |
| Median Home Value | $425,281 |
| Average Home Value | $582,253 |
Housing Distribution
Address Breakdown
Residential
3,146
Single Family
3,017
Multi-Family
129
Businesses
198
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Listed by: Donald Fedrigon • REMAX Of Elk Rapids
Mls Name: NGLRMLS
Mls ID: #1936199