1030 Benjamin Ave SEGrand RapidsMI49506
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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
Rental property for sale in Grand Rapids at 1030 Benjamin Ave SE, Grand Rapids, MI, 49506 generates $2,782/mo in rent and, after a $1,542/mo payment, leaves $705/mo in cash flow. Total monthly income is $2,782/mo, and annual cash flow is $8,454/yr on $104,423 invested. Return on cash invested sits at 28% in year one, and rental yield is 10.6% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 146.79% and total cumulative return in cash sums $153,281. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,782/mo property income rather than buyer’s personal income.
Single Family
Built in 1923
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49506, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,282 (100%) |
| Owner Occupied HU | 9,333 (70.3%) |
| Renter Occupied HU | 3,352 (25.2%) |
| Vacant Housing Units | 597 ( 4.5%) |
| Median Home Value | $381,078 |
| Average Home Value | $459,706 |
Housing Distribution
Address Breakdown
Residential
12,765
Single Family
11,674
Multi-Family
1,091
Businesses
601
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Listed by: Kevin R Southwick • Coldwell Banker Schmidt Realtors
Mls Name: MichRIC
Mls ID: #25055682