805 S Despelder St APT 12Grand HavenMI49417
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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 Grand Haven at 805 S Despelder St APT 12, Grand Haven, MI, 49417 listed at $189,000 pairs $1,747/mo rent with a $925/mo payment to leave $501/mo cash flow. Total monthly income runs $1,747/mo, and annual cash flow reaches $6,008/yr on $62,654 cash to close. Return on cash invested measures 29.5% in year one, and rental yield registers 11.09% at a $189,000 basis. Equity gained on principal adds $1,220/yr, and annual property appreciation at 5% supports $52,217 by year five. Five-year ROI tracks 154.81% and total cumulative return in cash totals $96,994. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,747/mo property income relative to a $925/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49417, Grand Haven, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,444 (100%) |
| Owner Occupied HU | 10,682 (69.2%) |
| Renter Occupied HU | 3,339 (21.6%) |
| Vacant Housing Units | 1,423 ( 9.2%) |
| Median Home Value | $353,641 |
| Average Home Value | $376,432 |
Housing Distribution
Address Breakdown
Residential
14,718
Single Family
13,133
Multi-Family
1,585
Businesses
1,205
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Listed by: Brandi Clark • Michigan Top Producers
Mls Name: MichRIC
Mls ID: #25047376