8013 Shore LnWatervlietMI49098
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 8013 Shore Ln, Watervliet, MI, 49098 earns from $6,257/mo rent with a $6,314/mo payment. Total monthly income totals $6,257/mo. ROI tracks 13.91% on current figures, and rental yield reads 5.82% at a $1,290,000 purchase. Equity gained on principal adds $8,324/yr, and 5% annual appreciation supports $356,403 over five years. Five-year ROI reaches 71.11% and total cumulative return in cash sums $297,224. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,257/mo property income instead of your personal income.
Single Family
Built in 1945
10,454 sqft 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: Susan Pantaleo • Windy Mitten Properties LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24028117
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.