107 Gaines St SEGrand RapidsMI49548
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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 107 Gaines St SE, Grand Rapids, MI, 49548 offers a 7.87% rental yield on a $276,000 purchase with $1,811/mo rent. 79% in year one. Equity gained on principal adds $1,781/yr while 5% annual appreciation supports $76,254 over five years. Portfolio math shows five-year ROI at 102.72% and total cumulative return in cash at $93,985. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,811/mo property income against a $1,351/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49548, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,625 (100%) |
| Owner Occupied HU | 9,662 (70.9%) |
| Renter Occupied HU | 3,618 (26.6%) |
| Vacant Housing Units | 345 ( 2.5%) |
| Median Home Value | $202,210 |
| Average Home Value | $248,548 |
Housing Distribution
Address Breakdown
Residential
13,361
Single Family
12,642
Multi-Family
719
Businesses
1,284
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Listed by: Kyle Westrate • United Realty Services LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25037903
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.