6130 Thornapple River Dr SEAltoMI49302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Alto at 6130 Thornapple River Dr SE, Alto, MI, 49302 uses $41,438 cash to close to unlock $17,922/yr annual cash flow and $1,494/mo monthly cash flow. Total monthly income runs $2,318/mo, and a $612/mo payment keeps the spread at $1,494/mo. Purchase price stands at $125,000, and rental yield measures 22.25% with $2,318/mo rent. Return on cash invested shows 63.16% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 335.36% and total cumulative return in cash records $138,965. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,318/mo property income covering a $612/mo payment rather than investor’s personal income.
Lot
Built in N/A
2.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49302, Alto, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,336 (100%) |
| Owner Occupied HU | 2,938 (88.1%) |
| Renter Occupied HU | 324 ( 9.7%) |
| Vacant Housing Units | 74 ( 2.2%) |
| Median Home Value | $417,829 |
| Average Home Value | $464,540 |
Housing Distribution
Address Breakdown
Residential
3,108
Single Family
3,108
Multi-Family
0
Businesses
107
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