5879 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
Rental property for sale in Wyoming at 5879 Looking Glass Dr SW, Wyoming, MI, 49418 offers $4,985/mo rent that, after a $1,899/mo payment, leaves $2,419/mo cash flow. Total monthly income is $4,985/mo, and annual cash flow is $29,032/yr on $128,619 cash. Return on cash invested measures 42.48% in year one, and rental yield stands at 15.42% at a $387,990 entry. Equity gained on principal adds $2,504/yr while 5% annual appreciation compounds into $107,194 by year five. Five-year ROI records 224.45% and total cumulative return in cash reaches $288,685. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,985/mo property income versus a $1,899/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
10,018 sqft 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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