2335 Watertown Way NEGrand 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
Rental property for sale in Grand Rapids at 2335 Watertown Way NE, Grand Rapids, MI, 49505 priced at $356,900 converts $2,348/mo rent into after a $1,747/mo obligation. Total monthly income equals $2,348/mo. Return on cash invested prints 17.37% in year one, and rental yield reads 7.89% against a $356,900 entry. Equity gained on principal adds $2,303/yr, while 5% annual appreciation compiles into $98,605 by year five. Five-year ROI reaches 90.65% and total cumulative return in cash sums $107,252. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,348/mo property income covering a $1,747/mo payment, not borrower’s personal income.
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: Justin Semelbauer • Greenridge Realty (EGR)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25017254
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.