820 Waverly AveGrand 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
Rental property for sale in Grand Haven at 820 Waverly Ave, Grand Haven, MI, 49417 priced at $268,700 converts $2,012/mo rent into $240/mo cash flow after a $1,315/mo obligation. Total monthly income equals $2,012/mo, and annual cash flow totals $2,883/yr on $89,074 invested. Return on cash invested prints 23.15% in year one, and rental yield reads 8.99% against a $268,700 entry. Equity gained on principal adds $1,734/yr, while 5% annual appreciation compiles into $74,237 by year five. Five-year ROI reaches 120.76% and total cumulative return in cash sums $107,569. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,012/mo property income covering a $1,315/mo payment, not borrower’s personal income.
Single Family
Built in N/A
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: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A