2051 Nathan Dr SEGrand RapidsMI49508
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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 2051 Nathan Dr SE, Grand Rapids, MI, 49508 at $249,900 posts ROI 21.77% with $128/mo cash flow from $2,086/mo rent. Total monthly income equals $2,086/mo, and annual cash flow records $1,538/yr on $82,842 to close. Return on cash invested measures 21.77% and rental yield reads 10.02% at the current $249,900. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 by year five. Five-year ROI prints 115.02% and total cumulative return in cash totals $95,282.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,086/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1985
N/A lot
$N/A/sqft
$310 monthly 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
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Nearby investment properties with comparable prices
Listed by: William Julius • Keller Williams Realty Rivertown
Mls Name: MichRIC
Mls Provider:
Mls ID: #24055995
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.