1424 Ridgewood Ave SE, East Grand Rapids, MI, 49506 | 6.56% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in East Grand Rapids at 1424 Ridgewood Ave SE, East Grand Rapids, MI, 49506 listed at $544,900 pairs $2,980/mo rent with a $2,667/mo payment. Total monthly income runs $2,980/mo. Return on cash invested measures 15.95% in year one, and rental yield registers 6.56% at a $544,900 basis. Equity gained on principal adds $3,516/yr, and annual property appreciation at 5% supports $150,546 by year five. Five-year ROI tracks 82.14% and total cumulative return in cash totals $147,257. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,980/mo property income relative to a $2,667/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1955

8,712 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49506, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,282 (100%)
Owner Occupied HU	9,333 (70.3%)
Renter Occupied HU	3,352 (25.2%)
Vacant Housing Units	597 ( 4.5%)
Median Home Value	$381,078
Average Home Value	$459,706