226 Diamond Ave NEGrand RapidsMI49503
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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 226 Diamond Ave NE, Grand Rapids, MI, 49503 with 5% annual appreciation on a $349,000 basis while $2,344/mo rent supports operations. Total monthly income totals $2,344/mo and a $1,708/mo payment preserves $43/mo for cash returns. Annual cash flow comes to $512/yr on $115,694 deployed, and return on cash invested reaches 20.35% in year one. Equity gained on principal adds $2,252/yr, and five-year appreciation sums $96,422 alongside rental yield of 8.06%. Five-year ROI measures 105.76% and total cumulative return in cash totals $122,352.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,344/mo property income versus a $1,708/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1923
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,238 (100%) |
| Owner Occupied HU | 7,149 (35.3%) |
| Renter Occupied HU | 11,464 (56.6%) |
| Vacant Housing Units | 1,625 ( 8.0%) |
| Median Home Value | $281,804 |
| Average Home Value | $332,147 |
Housing Distribution
Address Breakdown
Residential
18,278
Single Family
12,427
Multi-Family
5,851
Businesses
2,048
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Listed by: Katherine Stein • Maison Group Properties
Mls Name: MichRIC
Mls ID: #25036772