1307 Cranbrook Ter NEGrand RapidsMI49505
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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 1307 Cranbrook Ter NE, Grand Rapids, MI, 49505 uses $87,848 cash to close to unlock $7,206/yr annual cash flow and $601/mo monthly cash flow. Total monthly income runs $2,348/mo, and a $1,297/mo payment keeps the spread at $601/mo. Purchase price stands at $265,000, and rental yield measures 10.63% with $2,348/mo rent. Return on cash invested shows 28.11% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 147.37% and total cumulative return in cash records $129,459. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,348/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49505, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,709 (100%) |
| Owner Occupied HU | 9,483 (64.5%) |
| Renter Occupied HU | 4,578 (31.1%) |
| Vacant Housing Units | 648 ( 4.4%) |
| Median Home Value | $281,170 |
| Average Home Value | $311,704 |
Housing Distribution
Address Breakdown
Residential
13,974
Single Family
12,607
Multi-Family
1,367
Businesses
593
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Listed by: Ingrid J Nelson • Greenridge Realty (Cascade)
Mls Name: MichRIC
Mls ID: #25050748