17 Union Ave SE #BGrand RapidsMI49503
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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 17 Union Ave SE #B, Grand Rapids, MI, 49503 with 5% annual appreciation on a $339,900 basis while $2,430/mo rent supports operations. Total monthly income totals $2,430/mo and a $1,664/mo payment preserves $188/mo for cash returns. Annual cash flow comes to $2,258/yr on $112,677 deployed, and return on cash invested reaches 21.91% in year one. Equity gained on principal adds $2,193/yr, and five-year appreciation sums $93,908 alongside rental yield of 8.58%. Five-year ROI measures 114.14% and total cumulative return in cash totals $128,615.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,430/mo property income versus a $1,664/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1916
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,238 (100%) |
| Owner Occupied HU | 7,149 (35.3%) |
| Renter Occupied HU | 11,464 (56.6%) |
| Vacant Housing Units | 1,625 ( 8.0%) |
| Median Home Value | $281,804 |
| Average Home Value | $332,147 |
Housing Distribution
Address Breakdown
Residential
18,278
Single Family
12,427
Multi-Family
5,851
Businesses
2,048
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Listed by: Kyle Visser • ReSIDE Grand Rapids
Mls Name: MichRIC
Mls ID: #25035782