1183 Kensington St NWGrand RapidsMI49534
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 1183 Kensington St NW, Grand Rapids, MI, 49534 offers a 10.66% rental yield on a $365,000 purchase with $3,242/mo rent. Total monthly income registers $3,242/mo, and a $1,786/mo payment leaves $836/mo available for distribution. Annual cash flow reaches $10,026/yr on $120,998 to close, and return on cash invested stands at 28.2% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 147.81% and total cumulative return in cash at $178,843. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,242/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2000
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeffrey M Blahnik • Five Star Real Estate (Main)
Mls Name: MichRIC
Mls ID: #25036688