1230 Prospect Ave SEGrand RapidsMI49507
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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 1230 Prospect Ave SE, Grand Rapids, MI, 49507 with 5% annual appreciation on a $180,000 basis while $1,590/mo rent supports operations. Total monthly income totals $1,590/mo and a $881/mo payment preserves $403/mo for cash returns. Annual cash flow comes to $4,836/yr on $59,670 deployed, and return on cash invested reaches 28.01% in year one. Equity gained on principal adds $1,162/yr, and five-year appreciation sums $49,731 alongside rental yield of 10.6%. Five-year ROI measures 146.84% and total cumulative return in cash totals $87,617.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,590/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1925
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49507, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,654 (100%) |
| Owner Occupied HU | 8,476 (62.1%) |
| Renter Occupied HU | 4,606 (33.7%) |
| Vacant Housing Units | 572 ( 4.2%) |
| Median Home Value | $221,284 |
| Average Home Value | $243,171 |
Housing Distribution
Address Breakdown
Residential
12,903
Single Family
12,159
Multi-Family
744
Businesses
715
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Listed by: Latasha Black • LCB & Associates Realty
Mls Name: MichRIC
Mls ID: #25014876