214 Bona Vista Dr NWGrand RapidsMI49504
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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 214 Bona Vista Dr NW, Grand Rapids, MI, 49504 priced at $220,000 pairs $1,661/mo rent with after a $1,077/mo payment. Total monthly income equals $1,661/mo. Return on cash invested is 16.62% in year one, and rental yield stands at 9.06% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 88.16% and total cumulative return in cash reaches $64,295. For financing, Ziffy Mortgage’s DSCR program evaluates $1,661/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1984
10.41 Acres lot
$N/A/sqft
$410 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49504, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,664 (100%) |
| Owner Occupied HU | 10,506 (56.3%) |
| Renter Occupied HU | 7,008 (37.5%) |
| Vacant Housing Units | 1,150 ( 6.2%) |
| Median Home Value | $258,759 |
| Average Home Value | $284,959 |
Housing Distribution
Address Breakdown
Residential
17,332
Single Family
14,985
Multi-Family
2,347
Businesses
891
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Nearby investment properties with comparable prices
Listed by: Larry E Martin • Keller Williams Realty Rivertown
Mls Name: MichRIC
Mls Provider:
Mls ID: #25020945
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.