1211 Plymouth 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
Investment property for sale in Grand Rapids at 1211 Plymouth Ave SE, Grand Rapids, MI, 49506 uses $128,954 cash to close to unlock $6,932/yr annual cash flow and $578/mo monthly cash flow. Total monthly income runs $3,143/mo, and a $1,904/mo payment keeps the spread at $578/mo. Purchase price stands at $389,000, and rental yield measures 9.7% with $3,143/mo rent. Return on cash invested shows 25.28% in year one, and 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 132.21% and total cumulative return in cash records $170,490. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,143/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Single Family
Built in 1960
7,405 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: Dwala Burk • DK Caldwell Real Estate Professionals LLC
Mls Name: Realcomp II
Mls ID: #20251058615