914 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 914 Waverly Ave, Grand Haven, MI, 49417 generates $1,969/mo in rent and, after a $1,272/mo payment, leaves $255/mo in cash flow. Total monthly income is $1,969/mo, and annual cash flow is $3,062/yr on $86,157 invested. Return on cash invested sits at 23.46% in year one, and rental yield is 9.09% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 122.47% and total cumulative return in cash sums $105,514. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,969/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
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: Reggie E Balcom • RE/MAX West
Mls Name: MichRIC
Mls Provider:
Mls ID: #24054123
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.