Lincoln Street And 160th Ave #VJG6RKGrand HavenMI49417
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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 Grand Haven at Lincoln Street And 160th Ave #VJG6RK, Grand Haven, MI, 49417 uses $116,854 cash to close to unlock $6,357/yr annual cash flow and $530/mo monthly cash flow. Total monthly income runs $2,854/mo, and a $1,725/mo payment keeps the spread at $530/mo. Purchase price stands at $352,500, and rental yield measures 9.72% with $2,854/mo rent. Return on cash invested shows 25.35% in year one, and 5% annual appreciation builds toward $97,389 over five years. Five-year ROI reaches 132.54% and total cumulative return in cash records $154,879. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,854/mo property income covering a $1,725/mo payment rather than investor’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49417, Grand Haven, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,444 (100%) |
| Owner Occupied HU | 10,682 (69.2%) |
| Renter Occupied HU | 3,339 (21.6%) |
| Vacant Housing Units | 1,423 ( 9.2%) |
| Median Home Value | $353,641 |
| Average Home Value | $376,432 |
Housing Distribution
Address Breakdown
Residential
14,718
Single Family
13,133
Multi-Family
1,585
Businesses
1,205
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Listed by: N/A • N/A
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Mls ID: #N/A