7405 Grove DrJenisonMI49428
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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 Jenison at 7405 Grove Dr, Jenison, MI, 49428 uses $82,875 cash to close to unlock $3,972/yr annual cash flow and $331/mo monthly cash flow. Total monthly income runs $1,980/mo, and a $1,224/mo payment keeps the spread at $331/mo. Purchase price stands at $250,000, and rental yield measures 9.5% with $1,980/mo rent. Return on cash invested shows 24.7% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 129.05% and total cumulative return in cash records $106,954. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,980/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49428, Jenison, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,104 (100%) |
| Owner Occupied HU | 9,207 (82.9%) |
| Renter Occupied HU | 1,557 (14.0%) |
| Vacant Housing Units | 340 ( 3.1%) |
| Median Home Value | $305,908 |
| Average Home Value | $331,957 |
Housing Distribution
Address Breakdown
Residential
10,503
Single Family
9,826
Multi-Family
677
Businesses
595
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