2324 Rosewood Ave SEGrand RapidsMI49506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2324 Rosewood Ave SE, Grand Rapids, MI, 49506 uses $132,567 cash to close to unlock $1,838/yr annual cash flow and $153/mo monthly cash flow. Total monthly income runs $2,790/mo, and a $1,957/mo payment keeps the spread at $153/mo. Purchase price stands at $399,900, and rental yield measures 8.37% with $2,790/mo rent. Return on cash invested shows 21.3% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 110.84% and total cumulative return in cash records $146,936. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,790/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1960
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49506, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,282 (100%) |
| Owner Occupied HU | 9,333 (70.3%) |
| Renter Occupied HU | 3,352 (25.2%) |
| Vacant Housing Units | 597 ( 4.5%) |
| Median Home Value | $381,078 |
| Average Home Value | $459,706 |
Housing Distribution
Address Breakdown
Residential
12,765
Single Family
11,674
Multi-Family
1,091
Businesses
601
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joanne M Heidenreich • Keller Williams GR North (Main)
Mls Name: MichRIC
Mls ID: #25043659