7656 Ruthie DrAllendaleMI49401
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
Rental property for sale in Allendale at 7656 Ruthie Dr, Allendale, MI, 49401 offers $1,799/mo rent that, after a $2,182/mo payment. Total monthly income is $1,799/mo. Return on cash invested measures 8.78% in year one, and rental yield stands at 4.84% at a $445,900 entry. Equity gained on principal adds $2,877/yr while 5% annual appreciation compounds into $123,194 by year five. Five-year ROI records 44.35% and total cumulative return in cash reaches $65,559. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,799/mo property income versus a $2,182/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.43 Acres lot
$N/A/sqft
$230 monthly 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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