Watertown Dr #OLD3CLWatervlietMI49098
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Watervliet at Watertown Dr #OLD3CL, Watervliet, MI, 49098 offers a 10.07% rental yield on a $383,400 purchase with $3,218/mo rent. Total monthly income registers $3,218/mo, and a $1,877/mo payment leaves $689/mo available for distribution. Annual cash flow reaches $8,271/yr on $127,097 to close, and return on cash invested stands at 26.42% in year one. Equity gained on principal adds $2,474/yr while 5% annual appreciation supports $105,926 over five years. Portfolio math shows five-year ROI at 138.3% and total cumulative return in cash at $175,776. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,218/mo property income against a $1,877/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49098, Watervliet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,880 (100%) |
| Owner Occupied HU | 1,776 (61.7%) |
| Renter Occupied HU | 544 (18.9%) |
| Vacant Housing Units | 560 (19.4%) |
| Median Home Value | $207,993 |
| Average Home Value | $291,250 |
Housing Distribution
Address Breakdown
Residential
2,643
Single Family
2,548
Multi-Family
95
Businesses
165
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A