Lake Michigan Drive And 84th Ave #G15P8TAllendaleMI49401
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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 84th Ave #G15P8T, Allendale, MI, 49401 generates $3,840/mo in rent and, after a $1,511/mo payment, leaves $1,804/mo in cash flow. Total monthly income is $3,840/mo, and annual cash flow is $21,648/yr on $102,367 invested. Return on cash invested sits at 41.06% in year one, and rental yield is 14.92% on a $308,800 entry. Equity gained on principal adds $1,993/yr, while 5% annual appreciation builds toward $85,316 over five years. Five-year ROI reaches 216.81% and total cumulative return in cash sums $221,943. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,840/mo property income rather than buyer’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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