14060 Harrison RdGrand RapidsOH43522
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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 14060 Harrison Rd, Grand Rapids, OH, 43522 listed at $399,500 pairs $2,695/mo rent with a $1,955/mo payment to leave $68/mo cash flow. Total monthly income runs $2,695/mo, and annual cash flow reaches $810/yr on $132,434 cash to close. Return on cash invested measures 20.52% in year one, and rental yield registers 8.1% at a $399,500 basis. Equity gained on principal adds $2,578/yr, and annual property appreciation at 5% supports $110,374 by year five. Five-year ROI tracks 106.64% and total cumulative return in cash totals $141,231. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,695/mo property income relative to a $1,955/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
3.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43522, Grand Rapids, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,480 (100%) |
| Owner Occupied HU | 1,205 (81.4%) |
| Renter Occupied HU | 170 (11.5%) |
| Vacant Housing Units | 105 ( 7.1%) |
| Median Home Value | $270,989 |
| Average Home Value | $310,811 |
Housing Distribution
Address Breakdown
Residential
1,328
Single Family
1,328
Multi-Family
0
Businesses
116
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Listed by: Larry Neyhart • Key Realty LTD
Mls Name: NORIS
Mls ID: #10001810