Uptown Plan, Rivertown ParkWyomingMI49418
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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 Wyoming at Uptown Plan, Rivertown Park, Wyoming, MI, 49418 offers a 9.05% rental yield on a $346,550 purchase with $2,615/mo rent. Total monthly income registers $2,615/mo, and a $1,696/mo payment leaves $330/mo available for distribution. Annual cash flow reaches $3,958/yr on $114,881 to close, and return on cash invested stands at 23.35% in year one. Equity gained on principal adds $2,236/yr while 5% annual appreciation supports $95,745 over five years. Portfolio math shows five-year ROI at 121.85% and total cumulative return in cash at $139,979. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,615/mo property income against a $1,696/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49418, Grandville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,599 (100%) |
| Owner Occupied HU | 9,108 (67.0%) |
| Renter Occupied HU | 3,710 (27.3%) |
| Vacant Housing Units | 781 ( 5.7%) |
| Median Home Value | $339,505 |
| Average Home Value | $383,744 |
Housing Distribution
Address Breakdown
Residential
13,158
Single Family
12,047
Multi-Family
1,111
Businesses
1,101
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