7604 Red Arrow Hwy LOT 97WatervlietMI49098
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 7604 Red Arrow Hwy LOT 97, Watervliet, MI, 49098 offers a 9.57% rental yield on a $104,900 purchase with $837/mo rent. Total monthly income registers $837/mo, and a $513/mo payment leaves $146/mo available for distribution. Annual cash flow reaches $1,748/yr on $34,774 to close, and return on cash invested stands at 24.94% in year one. Equity gained on principal adds $677/yr while 5% annual appreciation supports $28,982 over five years. Portfolio math shows five-year ROI at 130.36% and total cumulative return in cash at $45,330. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $837/mo property income against a $513/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2015
N/A 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: Haley M Richter • Michigan Lakes Real Estate Team Inc.
Mls Name: MichRIC
Mls Provider:
Mls ID: #25017068
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.