1537 Broadway Ave NWGrand RapidsMI49504
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 1537 Broadway Ave NW, Grand Rapids, MI, 49504 earns $835/mo cash flow from $2,912/mo rent with a $1,542/mo payment. Total monthly income totals $2,912/mo, and annual cash flow totals $10,014/yr on $104,423 capital. ROI tracks 29.5% on current figures, and rental yield reads 11.09% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 154.82% and total cumulative return in cash sums $161,669. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,912/mo property income instead of your personal income.
Multi Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49504, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,664 (100%) |
| Owner Occupied HU | 10,506 (56.3%) |
| Renter Occupied HU | 7,008 (37.5%) |
| Vacant Housing Units | 1,150 ( 6.2%) |
| Median Home Value | $258,759 |
| Average Home Value | $284,959 |
Housing Distribution
Address Breakdown
Residential
17,332
Single Family
14,985
Multi-Family
2,347
Businesses
891
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shaune VanDyke • Five Star Real Estate (Courtland)
Mls Name: MichRIC
Mls ID: #26001040