1026 60th St SEGrand RapidsMI49508
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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 Rapids at 1026 60th St SE, Grand Rapids, MI, 49508 uses $91,129 cash to close to unlock $9,116/yr annual cash flow and $760/mo monthly cash flow. Total monthly income runs $2,572/mo, and a $1,346/mo payment keeps the spread at $760/mo. Purchase price stands at $274,900, and rental yield measures 11.23% with $2,572/mo rent. Return on cash invested shows 29.91% in year one, and 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 157.02% and total cumulative return in cash records $143,091. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,572/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1926
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49508, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,271 (100%) |
| Owner Occupied HU | 10,323 (63.4%) |
| Renter Occupied HU | 5,488 (33.7%) |
| Vacant Housing Units | 460 ( 2.8%) |
| Median Home Value | $292,420 |
| Average Home Value | $312,786 |
Housing Distribution
Address Breakdown
Residential
16,167
Single Family
13,226
Multi-Family
2,941
Businesses
918
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Listed by: Tiffany M Ireland • Living Homes Realty
Mls Name: MichRIC
Mls ID: #26001897