6623 Leisure Way Dr SECaledoniaMI49316
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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 Caledonia at 6623 Leisure Way Dr SE, Caledonia, MI, 49316 with 5% annual appreciation on a $295,000 basis while $3,036/mo rent supports operations. Total monthly income totals $3,036/mo and a $1,444/mo payment preserves $843/mo for cash returns. Annual cash flow comes to $10,110/yr on $97,793 deployed, and return on cash invested reaches 30.25% in year one. Equity gained on principal adds $1,904/yr, and five-year appreciation sums $81,503 alongside rental yield of 12.35%. Five-year ROI measures 159.93% and total cumulative return in cash totals $156,398.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,036/mo property income versus a $1,444/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1989
N/A lot
$N/A/sqft
$248 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49316, Caledonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,159 (100%) |
| Owner Occupied HU | 7,750 (84.6%) |
| Renter Occupied HU | 1,129 (12.3%) |
| Vacant Housing Units | 280 ( 3.1%) |
| Median Home Value | $368,883 |
| Average Home Value | $408,449 |
Housing Distribution
Address Breakdown
Residential
9,314
Single Family
8,633
Multi-Family
681
Businesses
535
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