Lake Michigan Drive And 78th St #7R9EPQAllendaleMI49401
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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 Allendale at Lake Michigan Drive And 78th St #7R9EPQ, Allendale, MI, 49401 priced at $424,800 converts $3,694/mo rent into $893/mo cash flow after a $2,079/mo obligation. Total monthly income equals $3,694/mo, and annual cash flow totals $10,714/yr on $140,821 invested. Return on cash invested prints 27.52% in year one, and rental yield reads 10.44% against a $424,800 entry. Equity gained on principal adds $2,741/yr, while 5% annual appreciation compiles into $117,364 by year five. Five-year ROI reaches 144.17% and total cumulative return in cash sums $203,018. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,694/mo property income covering a $2,079/mo payment, not borrower’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49401, Allendale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,824 (100%) |
| Owner Occupied HU | 4,699 (47.8%) |
| Renter Occupied HU | 4,684 (47.7%) |
| Vacant Housing Units | 441 ( 4.5%) |
| Median Home Value | $332,493 |
| Average Home Value | $344,488 |
Housing Distribution
Address Breakdown
Residential
8,674
Single Family
7,485
Multi-Family
1,189
Businesses
347
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