1724 Harding St NWGrand RapidsMI49544
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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 1724 Harding St NW, Grand Rapids, MI, 49544 listed at $224,900 pairs $1,611/mo rent with a $1,101/mo payment to leave $128/mo cash flow. Total monthly income runs $1,611/mo, and annual cash flow reaches $1,532/yr on $74,554 cash to close. Return on cash invested measures 21.96% in year one, and rental yield registers 8.6% at a $224,900 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,136 by year five. Five-year ROI tracks 114.41% and total cumulative return in cash totals $85,297. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,611/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49544, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,014 (100%) |
| Owner Occupied HU | 2,165 (53.9%) |
| Renter Occupied HU | 1,749 (43.6%) |
| Vacant Housing Units | 100 ( 2.5%) |
| Median Home Value | $275,189 |
| Average Home Value | $287,192 |
Housing Distribution
Address Breakdown
Residential
4,003
Single Family
3,350
Multi-Family
653
Businesses
574
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Listed by: Mike Haan • Five Star Real Estate LLC Main Grand Rapi
Mls Name: MichRIC
Mls ID: #26002346