9423 Shoreway DrWest OliveMI49460
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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
Total monthly income runs $3,852/mo, and a $2,937/mo payment. Purchase price stands at $600,000, and rental yield measures 7.7% with $3,852/mo rent. Return on cash invested shows 19.19% in year one, and 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 99.57% and total cumulative return in cash records $196,548. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,852/mo property income covering a $2,937/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.48 Acres lot
$N/A/sqft
$38 monthly 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 • West Edge Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #25020745
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.