1946 Martindale Ave SWWyomingMI49509
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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 Wyoming at 1946 Martindale Ave SW, Wyoming, MI, 49509 uses $61,294 cash to close to unlock $8,852/yr annual cash flow and $738/mo monthly cash flow. Total monthly income runs $1,957/mo, and a $905/mo payment keeps the spread at $738/mo. Purchase price stands at $184,900, and rental yield measures 12.7% with $1,957/mo rent. Return on cash invested shows 34.35% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 180.83% and total cumulative return in cash records $110,839. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,957/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1925
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49509, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,584 (100%) |
| Owner Occupied HU | 7,689 (72.6%) |
| Renter Occupied HU | 2,668 (25.2%) |
| Vacant Housing Units | 227 ( 2.1%) |
| Median Home Value | $207,897 |
| Average Home Value | $239,716 |
Housing Distribution
Address Breakdown
Residential
10,959
Single Family
9,829
Multi-Family
1,130
Businesses
782
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