7232 Thornapple River Dr SEAdaMI49301
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 Ada at 7232 Thornapple River Dr SE, Ada, MI, 49301 at $699,000 posts ROI 6.84% with from $2,075/mo rent. Total monthly income equals $2,075/mo. Return on cash invested measures 6.84% and rental yield reads 3.56% at the current $699,000. Equity gained on principal adds $4,511/yr, and 5% annual appreciation supports $193,121 by year five. Five-year ROI prints 33.24% and total cumulative return in cash totals $76,454. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,075/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1964
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49301, Ada, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,179 (100%) |
| Owner Occupied HU | 6,469 (90.1%) |
| Renter Occupied HU | 468 ( 6.5%) |
| Vacant Housing Units | 242 ( 3.4%) |
| Median Home Value | $522,633 |
| Average Home Value | $592,513 |
Housing Distribution
Address Breakdown
Residential
7,285
Single Family
7,076
Multi-Family
209
Businesses
611
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