2137 New Town Dr NEGrand RapidsMI49525
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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 2137 New Town Dr NE, Grand Rapids, MI, 49525 priced at $370,000 pairs $2,578/mo rent with after a $1,811/mo payment. Total monthly income equals $2,578/mo. Return on cash invested is 17.49% in year one, and rental yield stands at 8.36% on a $370,000 basis. Equity gained on principal adds $2,388/yr, and 5% annual appreciation accumulates to $102,224 by year five. Five-year ROI measures 91.76% and total cumulative return in cash reaches $112,553. For financing, Ziffy Mortgage’s DSCR program evaluates $2,578/mo property income against a $1,811/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2008
N/A lot
$N/A/sqft
$385 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
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Listed by: Doug F Takens • Independence Realty (Main)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25033353
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.