100 Griggs St SWGrand RapidsMI49507
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 Grand Rapids at 100 Griggs St SW, Grand Rapids, MI, 49507 at $290,000 posts ROI 25.73% with $466/mo cash flow from $2,378/mo rent. Total monthly income equals $2,378/mo, and annual cash flow records $5,592/yr on $96,135 to close. Return on cash invested measures 25.73% and rental yield reads 9.84% at the current $290,000. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,122 by year five. Five-year ROI prints 134.55% and total cumulative return in cash totals $129,352.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,378/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1910
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49507, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,654 (100%) |
| Owner Occupied HU | 8,476 (62.1%) |
| Renter Occupied HU | 4,606 (33.7%) |
| Vacant Housing Units | 572 ( 4.2%) |
| Median Home Value | $221,284 |
| Average Home Value | $243,171 |
Housing Distribution
Address Breakdown
Residential
12,903
Single Family
12,159
Multi-Family
744
Businesses
715
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Nearby investment properties with comparable prices
Listed by: Marcela G Diaz • RE/MAX SunQuest Realty
Mls Name: MichRIC
Mls ID: #25040571