6185 Fennview DrFennvilleMI49408
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
Rental property for sale in Fennville at 6185 Fennview Dr, Fennville, MI, 49408 priced at $895,000 converts $8,940/mo rent into $3,038/mo cash flow after a $4,381/mo obligation. Total monthly income equals $8,940/mo, and annual cash flow totals $36,450/yr on $294,455 invested. Return on cash invested prints 32.44% in year one, and rental yield reads 11.99% against a $895,000 entry. Equity gained on principal adds $5,775/yr, while 5% annual appreciation compiles into $247,272 by year five. Five-year ROI reaches 170.54% and total cumulative return in cash sums $502,166. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,940/mo property income covering a $4,381/mo payment, not borrower’s personal income.
Single Family
Built in 2024
2.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49408, Fennville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,896 (100%) |
| Owner Occupied HU | 3,416 (69.8%) |
| Renter Occupied HU | 538 (11.0%) |
| Vacant Housing Units | 942 (19.2%) |
| Median Home Value | $330,769 |
| Average Home Value | $479,057 |
Housing Distribution
Address Breakdown
Residential
4,202
Single Family
4,062
Multi-Family
140
Businesses
143
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