1951 Millbrook St SEGrand RapidsMI49508
Nearby investment properties with comparable rents
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 1951 Millbrook St SE, Grand Rapids, MI, 49508 uses $112,379 cash to close to unlock $3,716/yr annual cash flow and $310/mo monthly cash flow. Total monthly income runs $2,545/mo, and a $1,659/mo payment keeps the spread at $310/mo. Purchase price stands at $339,000, and rental yield measures 9.01% with $2,545/mo rent. Return on cash invested shows 23.22% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 121.11% and total cumulative return in cash records $136,096. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,545/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49508, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,271 (100%) |
| Owner Occupied HU | 10,323 (63.4%) |
| Renter Occupied HU | 5,488 (33.7%) |
| Vacant Housing Units | 460 ( 2.8%) |
| Median Home Value | $292,420 |
| Average Home Value | $312,786 |
Housing Distribution
Address Breakdown
Residential
16,167
Single Family
13,226
Multi-Family
2,941
Businesses
918
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela M Reid • Five Star Real Estate (Holland)
Mls Name: MichRIC
Mls ID: #25060516