2277 Edington Dr SE #112, Grand Rapids, MI, 49508 | 8.86% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Grand Rapids at 2277 Edington Dr SE #112, Grand Rapids, MI, 49508 listed at $300,000 pairs $2,215/mo rent with a $1,468/mo payment. Total monthly income runs $2,215/mo. Return on cash invested measures 18.61% in year one, and rental yield registers 8.86% at a $300,000 basis. Equity gained on principal adds $1,936/yr, and annual property appreciation at 5% supports $82,884 by year five. Five-year ROI tracks 97.89% and total cumulative return in cash totals $97,356. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,215/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1984

29.59 Acres lot

$N/A/sqft

$345 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49508, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,271 (100%)
Owner Occupied HU	10,323 (63.4%)
Renter Occupied HU	5,488 (33.7%)
Vacant Housing Units	460 ( 2.8%)
Median Home Value	$292,420
Average Home Value	$312,786