12200 S River RdGrand RapidsOH43522
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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 12200 S River Rd, Grand Rapids, OH, 43522 earns from $3,062/mo rent with a $2,594/mo payment. Total monthly income totals $3,062/mo. ROI tracks 17.14% on current figures, and rental yield reads 6.93% at a $530,000 purchase. Equity gained on principal adds $3,420/yr, and 5% annual appreciation supports $146,429 over five years. Five-year ROI reaches 88.48% and total cumulative return in cash sums $154,279. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,062/mo property income instead of your personal income.
Single Family
Built in 1897
4.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43522, Grand Rapids, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,480 (100%) |
| Owner Occupied HU | 1,205 (81.4%) |
| Renter Occupied HU | 170 (11.5%) |
| Vacant Housing Units | 105 ( 7.1%) |
| Median Home Value | $270,989 |
| Average Home Value | $310,811 |
Housing Distribution
Address Breakdown
Residential
1,328
Single Family
1,328
Multi-Family
0
Businesses
116
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Listed by: Carli Kirk • Key Realty LTD
Mls Name: NORIS
Mls ID: #10001347