5897 Almari DrAllendaleMI49401
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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 Allendale at 5897 Almari Dr, Allendale, MI, 49401 generates $3,956/mo in rent and, after a $2,203/mo payment, leaves $936/mo in cash flow. Total monthly income is $3,956/mo, and annual cash flow is $11,232/yr on $149,175 invested. Return on cash invested sits at 27.44% in year one, and rental yield is 10.55% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 143.89% and total cumulative return in cash sums $214,650. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,956/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
1.68 Acres lot
$N/A/sqft
$624 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49401, Allendale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,824 (100%) |
| Owner Occupied HU | 4,699 (47.8%) |
| Renter Occupied HU | 4,684 (47.7%) |
| Vacant Housing Units | 441 ( 4.5%) |
| Median Home Value | $332,493 |
| Average Home Value | $344,488 |
Housing Distribution
Address Breakdown
Residential
8,674
Single Family
7,485
Multi-Family
1,189
Businesses
347
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