2100 Celadon Dr NE #37Grand RapidsMI49525
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 2100 Celadon Dr NE #37, Grand Rapids, MI, 49525 generates $2,208/mo in rent, after a $1,419/mo payment. Total monthly income is $2,208/mo. Return on cash invested sits at 19.69% in year one, and rental yield is 9.14% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 103.64% and total cumulative return in cash sums $99,597. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,208/mo property income rather than buyer’s personal income.
Condo
Built in 2010
N/A lot
$N/A/sqft
$314 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49525, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,066 (100%) |
| Owner Occupied HU | 9,697 (74.2%) |
| Renter Occupied HU | 2,961 (22.7%) |
| Vacant Housing Units | 408 ( 3.1%) |
| Median Home Value | $372,431 |
| Average Home Value | $442,492 |
Housing Distribution
Address Breakdown
Residential
12,785
Single Family
10,985
Multi-Family
1,800
Businesses
1,068
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darryl A Matthews Jr • Keller Williams GR East
Mls Name: MichRIC
Mls Provider:
Mls ID: #25004343
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.