2193 Emerald Lake CtGrand 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
Investment property for sale in Grand Rapids at 2193 Emerald Lake Ct, Grand Rapids, MI, 49525 listed at $593,250 pairs $3,900/mo rent with a $2,904/mo payment. Total monthly income runs $3,900/mo. Return on cash invested measures 19.98% in year one, and rental yield registers 7.89% at a $593,250 basis. Equity gained on principal adds $3,828/yr, and annual property appreciation at 5% supports $163,904 by year five. Five-year ROI tracks 103.75% and total cumulative return in cash totals $202,492. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,900/mo property income relative to a $2,904/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2026
0.47 Acres lot
$N/A/sqft
No 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: Brian Huffman • RE/MAX United (Beltline)
Mls Name: MichRIC
Mls ID: #25055249