1954 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
Total monthly income runs $1,637/mo, and a $1,197/mo payment. Purchase price stands at $244,600, and rental yield measures 8.03% with $1,637/mo rent. Return on cash invested shows 16.94% in year one, and 5% annual appreciation builds toward $67,578 over five years. Five-year ROI reaches 88.69% and total cumulative return in cash records $71,911. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,637/mo property income covering a $1,197/mo payment rather than investor’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
$225 monthly 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A