7376 Waterline DrAllendaleMI49401
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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 Allendale at 7376 Waterline Dr, Allendale, MI, 49401 offers $5,356/mo rent that, after a $2,814/mo payment, leaves $1,519/mo cash flow. Total monthly income is $5,356/mo, and annual cash flow is $18,226/yr on $189,142 cash. Return on cash invested measures 29.7% in year one, and rental yield stands at 11.18% at a $574,900 entry. Equity gained on principal adds $3,710/yr while 5% annual appreciation compounds into $158,834 by year five. Five-year ROI records 155.92% and total cumulative return in cash reaches $294,915. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,356/mo property income versus a $2,814/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.28 Acres lot
$N/A/sqft
$275 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49401, Allendale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,824 (100%) |
| Owner Occupied HU | 4,699 (47.8%) |
| Renter Occupied HU | 4,684 (47.7%) |
| Vacant Housing Units | 441 ( 4.5%) |
| Median Home Value | $332,493 |
| Average Home Value | $344,488 |
Housing Distribution
Address Breakdown
Residential
8,674
Single Family
7,485
Multi-Family
1,189
Businesses
347
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