1221 Quarry Ave NWGrand RapidsMI49504
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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 1221 Quarry Ave NW, Grand Rapids, MI, 49504 listed at $225,000 pairs $2,041/mo rent with a $1,101/mo payment to leave $558/mo cash flow. Total monthly income runs $2,041/mo, and annual cash flow reaches $6,690/yr on $74,588 cash to close. Return on cash invested measures 28.88% in year one, and rental yield registers 10.89% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 151.49% and total cumulative return in cash totals $112,989. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,041/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49504, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,664 (100%) |
| Owner Occupied HU | 10,506 (56.3%) |
| Renter Occupied HU | 7,008 (37.5%) |
| Vacant Housing Units | 1,150 ( 6.2%) |
| Median Home Value | $258,759 |
| Average Home Value | $284,959 |
Housing Distribution
Address Breakdown
Residential
17,332
Single Family
14,985
Multi-Family
2,347
Businesses
891
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Listed by: Lisa Lehman • City2Shore Arete Collection Inc
Mls Name: MichRIC
Mls ID: #25060100