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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Grand Rapids at 23580 E 4th St, Grand Rapids, OH, 43522 offers a 9.47% rental yield on a $284,900 purchase with $2,249/mo rent. Total monthly income registers $2,249/mo, and a $1,394/mo payment leaves $375/mo available for distribution. Annual cash flow reaches $4,505/yr on $94,444 to close, and return on cash invested stands at 24.68% in year one. Equity gained on principal adds $1,838/yr while 5% annual appreciation supports $78,713 over five years. Portfolio math shows five-year ROI at 128.96% and total cumulative return in cash at $121,799. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,249/mo property income against a $1,394/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 43522, Grand Rapids, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,480 (100%) |
| Owner Occupied HU | 1,205 (81.4%) |
| Renter Occupied HU | 170 (11.5%) |
| Vacant Housing Units | 105 ( 7.1%) |
| Median Home Value | $270,989 |
| Average Home Value | $310,811 |
Residential
1,328
Single Family
1,328
Multi-Family
0
Businesses
116
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Denise Reinhart • Key Realty LTD
Mls Name: NORIS
Mls ID: #10001010
