9423 Shoreway Dr LOT 36West OliveMI49460
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
Investment property for sale in West Olive at 9423 Shoreway Dr LOT 36, West Olive, MI, 49460 earns $1,736/mo cash flow from $5,730/mo rent with a $2,937/mo payment. Total monthly income totals $5,730/mo, and annual cash flow totals $20,826/yr on $197,400 capital. ROI tracks 30.61% on current figures, and rental yield reads 11.46% at a $600,000 purchase. Equity gained on principal adds $3,872/yr, and 5% annual appreciation supports $165,769 over five years. Five-year ROI reaches 160.82% and total cumulative return in cash sums $317,460. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,730/mo property income instead of your personal income.
Single Family
Built in 2024
0.48 Acres lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49460, West Olive, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,031 (100%) |
| Owner Occupied HU | 3,340 (82.9%) |
| Renter Occupied HU | 268 ( 6.6%) |
| Vacant Housing Units | 423 (10.5%) |
| Median Home Value | $378,999 |
| Average Home Value | $441,543 |
Housing Distribution
Address Breakdown
Residential
3,784
Single Family
3,068
Multi-Family
716
Businesses
132
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Listed by: Brad VanderZwaag • Five Star Real Estate Lakeshore LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24029689
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.