1878 Georgetown Dr SEGrand RapidsMI49506
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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 1878 Georgetown Dr SE, Grand Rapids, MI, 49506 offers a 10.17% rental yield on a $219,900 purchase with $1,863/mo rent. Total monthly income registers $1,863/mo, and a $1,076/mo payment leaves $413/mo available for distribution. Annual cash flow reaches $4,958/yr on $72,897 to close, and return on cash invested stands at 26.71% in year one. Equity gained on principal adds $1,419/yr while 5% annual appreciation supports $60,754 over five years. Portfolio math shows five-year ROI at 139.91% and total cumulative return in cash at $101,992. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,863/mo property income against a $1,076/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1967
1 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49506, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,282 (100%) |
| Owner Occupied HU | 9,333 (70.3%) |
| Renter Occupied HU | 3,352 (25.2%) |
| Vacant Housing Units | 597 ( 4.5%) |
| Median Home Value | $381,078 |
| Average Home Value | $459,706 |
Housing Distribution
Address Breakdown
Residential
12,765
Single Family
11,674
Multi-Family
1,091
Businesses
601
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Listed by: Anthony J Lewis • RE/MAX of Grand Rapids (FH)
Mls Name: MichRIC
Mls ID: #25057151