59103 Silvergrass DrMattawanMI49071
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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 Mattawan at 59103 Silvergrass Dr, Mattawan, MI, 49071 earns $308/mo cash flow from $2,514/mo rent with a $1,615/mo payment. Total monthly income totals $2,514/mo, and annual cash flow totals $3,696/yr on $109,395 capital. ROI tracks 23.29% on current figures, and rental yield reads 9.14% at a $330,000 purchase. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,173 over five years. Five-year ROI reaches 121.59% and total cumulative return in cash sums $133,019. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,514/mo property income instead of your personal income.
Single Family
Built in 2016
0.30 Acres lot
$N/A/sqft
$90 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49071, Mattawan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,081 (100%) |
| Owner Occupied HU | 3,469 (85.0%) |
| Renter Occupied HU | 437 (10.7%) |
| Vacant Housing Units | 175 ( 4.3%) |
| Median Home Value | $284,983 |
| Average Home Value | $339,384 |
Housing Distribution
Address Breakdown
Residential
4,289
Single Family
4,241
Multi-Family
48
Businesses
225
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