5632 N Watervliet Rd APT 22WatervlietMI49098
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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
Total monthly income runs $1,380/mo, and a $2,442/mo payment. Purchase price stands at $499,000, and rental yield measures 3.32% with $1,380/mo rent. Return on cash invested shows 4.78% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 22.71% and total cumulative return in cash records $37,566. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,380/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Condo
Built in 1994
7.32 Acres lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49098, Watervliet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,880 (100%) |
| Owner Occupied HU | 1,776 (61.7%) |
| Renter Occupied HU | 544 (18.9%) |
| Vacant Housing Units | 560 (19.4%) |
| Median Home Value | $207,993 |
| Average Home Value | $291,250 |
Housing Distribution
Address Breakdown
Residential
2,643
Single Family
2,548
Multi-Family
95
Businesses
165
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Listed by: Bryon Farmer • Coldwell Banker Anchor R.E.
Mls Name: MichRIC
Mls Provider:
Mls ID: #25023784
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.