6786 Waterview Dr SWGrandvilleMI49418
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 Grandville at 6786 Waterview Dr SW, Grandville, MI, 49418 earns from $1,793/mo rent with a $1,138/mo payment. Total monthly income totals $1,793/mo. ROI tracks 18.89% on current figures, and rental yield reads 9.25% at a $232,500 purchase. Equity gained on principal adds $1,500/yr, and 5% annual appreciation supports $64,235 over five years. Five-year ROI reaches 99.78% and total cumulative return in cash sums $76,908. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,793/mo property income instead of your personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$325 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49418, Grandville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,599 (100%) |
| Owner Occupied HU | 9,108 (67.0%) |
| Renter Occupied HU | 3,710 (27.3%) |
| Vacant Housing Units | 781 ( 5.7%) |
| Median Home Value | $339,505 |
| Average Home Value | $383,744 |
Housing Distribution
Address Breakdown
Residential
13,158
Single Family
12,047
Multi-Family
1,111
Businesses
1,101
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Listed by: Doug F Takens • Independence Realty (Main)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25023226
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.