1801 College Ave SEGrand RapidsMI49507
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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 1801 College Ave SE, Grand Rapids, MI, 49507 earns from $1,778/mo rent with a $1,517/mo payment. Total monthly income totals $1,778/mo. ROI tracks 16.8% on current figures, and rental yield reads 6.88% at a $309,900 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,620 over five years. Five-year ROI reaches 86.75% and total cumulative return in cash sums $89,124. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,778/mo property income instead of your personal income.
Multi Family
Built in 1926
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49507, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,654 (100%) |
| Owner Occupied HU | 8,476 (62.1%) |
| Renter Occupied HU | 4,606 (33.7%) |
| Vacant Housing Units | 572 ( 4.2%) |
| Median Home Value | $221,284 |
| Average Home Value | $243,171 |
Housing Distribution
Address Breakdown
Residential
12,903
Single Family
12,159
Multi-Family
744
Businesses
715
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Nearby investment properties with comparable prices
Listed by: Jason Teresi • Coldwell Banker Woodland Schmidt ART Office
Mls Name: MichRIC
Mls Provider:
Mls ID: #25022811
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.