1289 Harding St NWGrand RapidsMI49544
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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 1289 Harding St NW, Grand Rapids, MI, 49544 earns $340/mo cash flow from $2,885/mo rent with a $1,889/mo payment. Total monthly income totals $2,885/mo, and annual cash flow totals $4,080/yr on $127,926 capital. ROI tracks 23.1% on current figures, and rental yield reads 8.97% at a $385,900 purchase. Equity gained on principal adds $2,490/yr, and 5% annual appreciation supports $106,617 over five years. Five-year ROI reaches 120.47% and total cumulative return in cash sums $154,109. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,885/mo property income instead of your personal income.
Single Family
Built in 1979
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49544, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,014 (100%) |
| Owner Occupied HU | 2,165 (53.9%) |
| Renter Occupied HU | 1,749 (43.6%) |
| Vacant Housing Units | 100 ( 2.5%) |
| Median Home Value | $275,189 |
| Average Home Value | $287,192 |
Housing Distribution
Address Breakdown
Residential
4,003
Single Family
3,350
Multi-Family
653
Businesses
574
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Nearby investment properties with comparable prices
Listed by: Kevin C McCarty • Greenridge Realty (EGR)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25029270
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.