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$425,000

Sale Pending
9020 Nature Meadows Dr NE, Rockford, MI 49341
3 Beds
3 Baths
1,641 Square Feet
1.04 Acres Lot
Built in 2009
Sale Pending
Units n/a
Checked: 18 hours ago
Updated: Aug 30, 2025 at 10:11AM

Investment Summary


Monthly Cash Flow
-$788
Cap Rate
3.9%
Cash-on-Cash Return
-9.7%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-5.4%

Property Description


1.04 Acres Lot
Built in 2009
Sale Pending
Units n/a

Welcome to this move-in-ready gem, packed with updates and nestled in one of West Michigan's most desirable communities. This home offers the perfect blend of comfort, convenience, and peace of mind. With a brand new roof (June 2024), Generac whole-house generator (2023), and a new drainage system (July 2025) already taken care of! Inside, you'll find stunning bamboo flooring throughout the main living spaces, creating a warm, cohesive feel. The kitchen features freshly painted cabinets, and the dining area boasts a modern chandelier. A deposit has already been made to replace the cloudy window glass, giving you a clear view and added peace of mind. Enjoy three full bathrooms, including a brand-new bathroom in the finished basement, which also features a 2023 sump pump and Michwave fiber internet for blazing-fast connectivity. The home also includes a central A/C system (2016) and a water heater (2016). Outside, take advantage of the bonus shed (added in 2018) for extra storage and a spacious backyard perfect for entertaining or relaxing. Don't miss this rare opportunity to own a well-maintained, thoughtfully updated home just minutes from downtown Rockford, trails, schools, and shopping. Schedule your private showing today!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Door Opener, Attached, Paved
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Full, Walk-Out Access, Partially Finished

Exterior Features

  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $300/annually
  • Additional HOA Fee: $300

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 410736101016
  • Lot Size: 45477 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 2009

Tax Information

  • Annual Tax: $3,726

Utilities

  • Water & Sewer: Private, Well
  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Kent

Listing Details


Listed by:
Kevin M Irwin, II
Five Star Real Estate (Rock)
(616) 884-4200

Source:
Southwestern Michigan Association of REALTORS
MLS#: 25038648
Southwestern Michigan Association of REALTORS

Investment Summary


Monthly Cash Flow
-$788
Cap Rate
3.9%
Cash-on-Cash Return
-9.7%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-5.4%

Purchase Details

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Purchase price:
$425,000
Amount financed:
-$340,000
Down payment:
$85,000
Closing costs:
$12,750
Rehab costs:
$0
Initial cash invested:
$97,750
Square feet:
1,641
Cost per square foot:
$259
Monthly rent per square foot:
$1.52

Financing Details

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Loan amount:
$340,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,177
Property tax:
$311
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,663

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$311-$3,727
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (1%)
1%-$25-$300
Total operating expenses: (38%)
38%-$961-$11,527

Cash Flow


Monthly Yearly
Net operating income:
$1,389 $16,668
Mortgage payments:
-$2,177 -$26,124
Cash flow:
$788 $9,456