2065 N Cross Creek Dr SEGrand RapidsMI49508
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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
Rental property for sale in Grand Rapids at 2065 N Cross Creek Dr SE, Grand Rapids, MI, 49508 priced at $299,000 pairs $2,027/mo rent with $56/mo cash flow after a $1,463/mo payment. Total monthly income equals $2,027/mo, and annual cash flow comes to $668/yr on $99,119 invested. Return on cash invested is 20.58% in year one, and rental yield stands at 8.14% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 106.98% and total cumulative return in cash reaches $106,042. For financing, Ziffy Mortgage’s DSCR program evaluates $2,027/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1990
N/A 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
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Listed by: Todd Harris • Harvest Homes Realty
Mls Name: Realcomp II
Mls ID: #20251059011