Lake Michigan Drive And 84th Ave #9Y14DBAllendaleMI49401
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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
Investment property for sale in Allendale at Lake Michigan Drive And 84th Ave #9Y14DB, Allendale, MI, 49401 earns $882/mo cash flow from $2,810/mo rent with a $1,431/mo payment. Total monthly income totals $2,810/mo, and annual cash flow totals $10,585/yr on $96,897 capital. ROI tracks 30.83% on current figures, and rental yield reads 11.54% at a $292,300 purchase. Equity gained on principal adds $1,886/yr, and 5% annual appreciation supports $80,757 over five years. Five-year ROI reaches 161.99% and total cumulative return in cash sums $156,966. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,810/mo property income instead of your 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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