2060 Ken Ade St NEGrand RapidsMI49505
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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 Grand Rapids at 2060 Ken Ade St NE, Grand Rapids, MI, 49505 listed at $279,900 pairs $1,952/mo rent with a $1,370/mo payment. Total monthly income runs $1,952/mo. Return on cash invested measures 17.08% in year one, and rental yield registers 8.37% at a $279,900 basis. Equity gained on principal adds $1,806/yr, and annual property appreciation at 5% supports $77,331 by year five. Five-year ROI tracks 89.76% and total cumulative return in cash totals $83,281. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,952/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1991
N/A lot
$N/A/sqft
$325 monthly 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
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Listed by: Louis Szanto • At Home Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #25037579
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.