128 Collindale 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 128 Collindale Ave NW, Grand Rapids, MI, 49504 offers a 11.25% rental yield on a $411,700 purchase with $3,858/mo rent. Total monthly income registers $3,858/mo, and a $2,015/mo payment leaves $1,143/mo available for distribution. Annual cash flow reaches $13,717/yr on $136,479 to close, and return on cash invested stands at 29.96% in year one. Equity gained on principal adds $2,657/yr while 5% annual appreciation supports $113,745 over five years. Portfolio math shows five-year ROI at 157.29% and total cumulative return in cash at $214,673. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,858/mo property income against a $2,015/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
0.69 Acres 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: N/A • N/A
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