5953 Gleneagle DrHudsonvilleMI49426
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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 Hudsonville at 5953 Gleneagle Dr, Hudsonville, MI, 49426 priced at $309,900 pairs $2,120/mo rent with after a $1,517/mo payment. Total monthly income equals $2,120/mo. Return on cash invested is 17.18% in year one, and rental yield stands at 8.21% on a $309,900 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,620 by year five. Five-year ROI measures 90.07% and total cumulative return in cash reaches $92,532. For financing, Ziffy Mortgage’s DSCR program evaluates $2,120/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1997
N/A lot
$N/A/sqft
$310 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49426, Hudsonville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,184 (100%) |
| Owner Occupied HU | 13,407 (88.3%) |
| Renter Occupied HU | 1,571 (10.3%) |
| Vacant Housing Units | 206 ( 1.4%) |
| Median Home Value | $374,503 |
| Average Home Value | $404,181 |
Housing Distribution
Address Breakdown
Residential
15,064
Single Family
14,846
Multi-Family
218
Businesses
739
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Listed by: Craig A Brink • RE/MAX Lakeshore
Mls Name: MichRIC
Mls Provider:
Mls ID: #25000710
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.