2011 Emerald Ave NEGrand RapidsMI49505
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
Rental property for sale in Grand Rapids at 2011 Emerald Ave NE, Grand Rapids, MI, 49505 offers $2,965/mo rent that, after a $1,386/mo payment, leaves $1,097/mo cash flow. Total monthly income is $2,965/mo, and annual cash flow is $13,170/yr on $93,897 cash. Return on cash invested measures 33.93% in year one, and rental yield stands at 12.56% at a $283,250 entry. Equity gained on principal adds $1,828/yr while 5% annual appreciation compounds into $78,257 by year five. Five-year ROI records 178.6% and total cumulative return in cash reaches $167,697. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,965/mo property income versus a $1,386/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49505, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,709 (100%) |
| Owner Occupied HU | 9,483 (64.5%) |
| Renter Occupied HU | 4,578 (31.1%) |
| Vacant Housing Units | 648 ( 4.4%) |
| Median Home Value | $281,170 |
| Average Home Value | $311,704 |
Housing Distribution
Address Breakdown
Residential
13,974
Single Family
12,607
Multi-Family
1,367
Businesses
593
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A