1307 Glen Ellyn Dr SE, Grand Rapids, MI, 49546 | 4.98% Rental Yield

Recently Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
4 Bath
1988 sft

3684 Merriville Ct SE, Caledonia, MI, 49316

4 Bed
3 Bath
2366 sft

6615 Bella Vista Dr NE, Rockford, MI, 49341

4 Bed
3 Bath
1563 sft

527 High St SW, Grand Rapids, MI, 49503

3 Bed
2 Bath
1603 sft

3440 Williamson Ave NE, Grand Rapids, MI, 49525

Nearby investment properties with comparable prices

4 Bed
3 Bath
3249 sft

930 McCabe Ave NE, Ada, MI, 49301

4 Bed
3 Bath
3222 sft

3605 Redkey Dr SW, Grandville, MI, 49418

4 Bed
3 Bath
3222 sft

3605 Red Key Dr SW, Grandville, MI, 49418

6 Bed
3 Bath
3306 sft

3900 Dursum Ave NE, Ada, MI, 49301

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Grand Rapids at 1307 Glen Ellyn Dr SE, Grand Rapids, MI, 49546 priced at $805,000 pairs $3,338/mo rent with after a $3,940/mo payment. Total monthly income equals $3,338/mo. Return on cash invested is 10.83% in year one, and rental yield stands at 4.98% on a $805,000 basis. Equity gained on principal adds $5,195/yr, and 5% annual appreciation accumulates to $222,407 by year five. Five-year ROI measures 54.76% and total cumulative return in cash reaches $145,037. For financing, Ziffy Mortgage’s DSCR program evaluates $3,338/mo property income against a $3,940/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2009

0.36 Acres lot

$N/A/sqft

$800 annually HOA