5632 N Watervliet Rd APT 35, Watervliet, MI, 49098 | $329/mo Cash Flow

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1400 sft

75 Pershing St, South Haven, MI, 49090

4 Bed
5 Bath
3849 sft

3099 Wild Dunes Path, Stevensville, MI, 49127

4 Bed
3 Bath
2226 sft

10802 M 140, South Haven, MI, 49090

3 Bed
3 Bath
2076 sft

119 South St, South Haven, MI, 49090

Nearby investment properties with comparable prices

3 Bed
3 Bath
2246 sft

Watertown Dr #OLD3CL, Watervliet, MI, 49098

3 Bed
3 Bath
2494 sft

50902 Magician Lake Rd, Dowagiac, MI, 49047

1 Bed
1 Bath
652 sft

407 Eagle St #11, South Haven, MI, 49090

3 Bed
2 Bath
1552 sft

4191 Denton Dr, Saint Joseph, MI, 49085

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Watervliet at 5632 N Watervliet Rd APT 35, Watervliet, MI, 49098 offers a 9.26% rental yield on a $450,000 purchase with $3,472/mo rent. Total monthly income registers $3,472/mo, and a $2,203/mo payment leaves $329/mo available for distribution. Annual cash flow reaches $3,948/yr on $149,175 to close, and return on cash invested stands at 22.56% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 118.06% and total cumulative return in cash at $176,118. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,472/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2001

N/A 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