2328 Watertown WayGrand RapidsMI49505
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 2328 Watertown Way, Grand Rapids, MI, 49505 at $329,900 posts ROI 37.04% with $1,561/mo cash flow from $3,982/mo rent. Total monthly income equals $3,982/mo, and annual cash flow records $18,734/yr on $109,362 to close. Return on cash invested measures 37.04% and rental yield reads 14.48% at the current $329,900. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,145 by year five. Five-year ROI prints 196.24% and total cumulative return in cash totals $214,611.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,982/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2022
N/A lot
$N/A/sqft
$245 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49505, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,709 (100%) |
| Owner Occupied HU | 9,483 (64.5%) |
| Renter Occupied HU | 4,578 (31.1%) |
| Vacant Housing Units | 648 ( 4.4%) |
| Median Home Value | $281,170 |
| Average Home Value | $311,704 |
Housing Distribution
Address Breakdown
Residential
13,974
Single Family
12,607
Multi-Family
1,367
Businesses
593
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wyatt Martin • Greenridge Realty (EGR)
Mls Name: MichRIC
Mls Provider:
Mls ID: #24036670
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.