5650 Thornapple Mill Ct SECaledoniaMI49316
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 Caledonia at 5650 Thornapple Mill Ct SE, Caledonia, MI, 49316 listed at $649,900 pairs $6,382/mo rent with a $3,181/mo payment to leave $2,013/mo cash flow. Total monthly income runs $6,382/mo, and annual cash flow reaches $24,154/yr on $213,817 cash to close. Return on cash invested measures 31.36% in year one, and rental yield registers 11.78% at a $649,900 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,555 by year five. Five-year ROI tracks 164.9% and total cumulative return in cash totals $352,578. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,382/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
1.54 Acres lot
$N/A/sqft
$250 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49316, Caledonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,159 (100%) |
| Owner Occupied HU | 7,750 (84.6%) |
| Renter Occupied HU | 1,129 (12.3%) |
| Vacant Housing Units | 280 ( 3.1%) |
| Median Home Value | $368,883 |
| Average Home Value | $408,449 |
Housing Distribution
Address Breakdown
Residential
9,314
Single Family
8,633
Multi-Family
681
Businesses
535
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