1324 Four Mile Rd 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 1324 Four Mile Rd NW, Grand Rapids, MI, 49544 with 5% annual appreciation on a $299,000 basis while $1,853/mo rent supports operations. 48% in year one. Equity gained on principal adds $1,929/yr, and five-year appreciation sums $82,608 alongside rental yield of 7.44%. Five-year ROI measures 95.69% and total cumulative return in cash totals $94,846. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,853/mo property income versus a $1,463/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
1.05 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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Listed by: Steven A Sanchez • ERA Reardon Realty Great Lakes
Mls Name: MichRIC
Mls ID: #26003063