120 Union Ave SEGrand RapidsMI49503
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
Total monthly income runs $3,875/mo, and a $3,915/mo payment. Purchase price stands at $799,900, and rental yield measures 5.81% with $3,875/mo rent. Return on cash invested shows 13.68% in year one, and 5% annual appreciation builds toward $220,998 over five years. Five-year ROI reaches 69.94% and total cumulative return in cash records $184,056. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,875/mo property income covering a $3,915/mo payment rather than investor’s personal income.
Single Family
Built in 1888
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,238 (100%) |
| Owner Occupied HU | 7,149 (35.3%) |
| Renter Occupied HU | 11,464 (56.6%) |
| Vacant Housing Units | 1,625 ( 8.0%) |
| Median Home Value | $281,804 |
| Average Home Value | $332,147 |
Housing Distribution
Address Breakdown
Residential
18,278
Single Family
12,427
Multi-Family
5,851
Businesses
2,048
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Liz J Klinzing • Greenridge Realty (EGR)
Mls Name: MichRIC
Mls ID: #25032841