5816 Looking Glass Dr SWWyomingMI49418
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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 Wyoming at 5816 Looking Glass Dr SW, Wyoming, MI, 49418 listed at $396,990 pairs $4,985/mo rent with a $1,943/mo payment to leave $2,360/mo cash flow. Total monthly income runs $4,985/mo, and annual cash flow reaches $28,320/yr on $131,602 cash to close. Return on cash invested measures 41.43% in year one, and rental yield registers 15.07% at a $396,990 basis. Equity gained on principal adds $2,562/yr, and annual property appreciation at 5% supports $109,681 by year five. Five-year ROI tracks 218.82% and total cumulative return in cash totals $287,971. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,985/mo property income relative to a $1,943/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
0.25 Acres lot
$N/A/sqft
$85 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49418, Grandville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,599 (100%) |
| Owner Occupied HU | 9,108 (67.0%) |
| Renter Occupied HU | 3,710 (27.3%) |
| Vacant Housing Units | 781 ( 5.7%) |
| Median Home Value | $339,505 |
| Average Home Value | $383,744 |
Housing Distribution
Address Breakdown
Residential
13,158
Single Family
12,047
Multi-Family
1,111
Businesses
1,101
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