68869 70th StWatervlietMI49098
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 Watervliet at 68869 70th St, Watervliet, MI, 49098 uses $56,351 cash to close to unlock $3,108/yr annual cash flow and $259/mo monthly cash flow. Total monthly income runs $1,380/mo, and a $832/mo payment keeps the spread at $259/mo. Purchase price stands at $169,988, and rental yield measures 9.74% with $1,380/mo rent. Return on cash invested shows 25.42% in year one, and 5% annual appreciation builds toward $46,965 over five years. Five-year ROI reaches 133.04% and total cumulative return in cash records $74,969. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,380/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1920
6.98 Acres lot
$N/A/sqft
No 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: Shannon Storino • Mitten Shores Real Estate, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24046664
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.