1247 Rathbone St SWWyomingMI49509
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
Rental property for sale in Wyoming at 1247 Rathbone St SW, Wyoming, MI, 49509 priced at $192,600 pairs $3,506/mo rent with $2,236/mo cash flow after a $943/mo payment. Total monthly income equals $3,506/mo, and annual cash flow comes to $26,827/yr on $63,847 invested. Return on cash invested is 61.93% in year one, and rental yield stands at 21.84% on a $192,600 basis. Equity gained on principal adds $1,243/yr, and 5% annual appreciation accumulates to $53,212 by year five. Five-year ROI measures 328.72% and total cumulative return in cash reaches $209,881. For financing, Ziffy Mortgage’s DSCR program evaluates $3,506/mo property income against a $943/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1925
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49509, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,584 (100%) |
| Owner Occupied HU | 7,689 (72.6%) |
| Renter Occupied HU | 2,668 (25.2%) |
| Vacant Housing Units | 227 ( 2.1%) |
| Median Home Value | $207,897 |
| Average Home Value | $239,716 |
Housing Distribution
Address Breakdown
Residential
10,959
Single Family
9,829
Multi-Family
1,130
Businesses
782
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