626 Waters WayWatervlietMI49098
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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 Watervliet at 626 Waters Way, Watervliet, MI, 49098 offers $4,362/mo rent that, after a $1,419/mo payment, leaves $2,442/mo cash flow. Total monthly income is $4,362/mo, and annual cash flow is $29,302/yr on $96,132 cash. Return on cash invested measures 50.39% in year one, and rental yield stands at 18.05% at a $289,990 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,119 by year five. Five-year ROI records 266.86% and total cumulative return in cash reaches $256,537. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,362/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.39 Acres lot
$N/A/sqft
$98 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49098, Watervliet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,880 (100%) |
| Owner Occupied HU | 1,776 (61.7%) |
| Renter Occupied HU | 544 (18.9%) |
| Vacant Housing Units | 560 (19.4%) |
| Median Home Value | $207,993 |
| Average Home Value | $291,250 |
Housing Distribution
Address Breakdown
Residential
2,643
Single Family
2,548
Multi-Family
95
Businesses
165
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Listed by: Kelly Hayes • WJH Brokerage MI, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24048211
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.