8445 E Baldwin AveWatervlietMI49098
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 Watervliet at 8445 E Baldwin Ave, Watervliet, MI, 49098 priced at $149,000 converts $1,638/mo rent into $656/mo cash flow after a $729/mo obligation. Total monthly income equals $1,638/mo, and annual cash flow totals $7,868/yr on $49,394 invested. Return on cash invested prints 35.84% in year one, and rental yield reads 13.19% against a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation compiles into $41,166 by year five. Five-year ROI reaches 188.83% and total cumulative return in cash sums $93,268. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,638/mo property income covering a $729/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.46 Acres 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: Ashley Winston • RE/MAX Perrett Associates
Mls Name: MichRIC
Mls Provider:
Mls ID: #25000241
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.