820 Woodlawn 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 Woodlawn Ave, Grand Haven, MI, 49417 priced at $298,008 pairs $2,465/mo rent with $499/mo cash flow after a $1,459/mo payment. Total monthly income equals $2,465/mo, and annual cash flow comes to $5,993/yr on $98,790 invested. Return on cash invested is 25.98% in year one, and rental yield stands at 9.93% on a $298,008 basis. Equity gained on principal adds $1,923/yr, and 5% annual appreciation accumulates to $82,334 by year five. Five-year ROI measures 135.94% and total cumulative return in cash reaches $134,290. For financing, Ziffy Mortgage’s DSCR program evaluates $2,465/mo property income against a $1,459/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
7,405 sqft 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: Christine Estep • Greenridge Realty
Mls Name: MichRIC
Mls ID: #25029992