146 Bowne St NEGrand RapidsMI49505
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 146 Bowne St NE, Grand Rapids, MI, 49505 at $264,700 posts ROI 25.63% with $418/mo cash flow from $2,164/mo rent. Total monthly income equals $2,164/mo, and annual cash flow records $5,016/yr on $87,748 to close. Return on cash invested measures 25.63% and rental yield reads 9.81% at the current $264,700. Equity gained on principal adds $1,708/yr, and 5% annual appreciation supports $73,132 by year five. Five-year ROI prints 134.08% and total cumulative return in cash totals $117,653.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,164/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1928
6,098 sqft 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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Nearby investment properties with comparable prices
Listed by: Jonah Pit • Eastbrook Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25029149
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.