118 Greenridge Dr NWGrand RapidsMI49544
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 118 Greenridge Dr NW, Grand Rapids, MI, 49544 offers a 6.88% rental yield on a $659,900 purchase with $3,786/mo rent. 93% in year one. Equity gained on principal adds $4,258/yr while 5% annual appreciation supports $182,318 over five years. Portfolio math shows five-year ROI at 87.41% and total cumulative return in cash at $189,770. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,786/mo property income against a $3,230/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
4.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49544, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,014 (100%) |
| Owner Occupied HU | 2,165 (53.9%) |
| Renter Occupied HU | 1,749 (43.6%) |
| Vacant Housing Units | 100 ( 2.5%) |
| Median Home Value | $275,189 |
| Average Home Value | $287,192 |
Housing Distribution
Address Breakdown
Residential
4,003
Single Family
3,350
Multi-Family
653
Businesses
574
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wendy M Katerberg • City2Shore Gateway Group
Mls Name: MichRIC
Mls ID: #25054238