24014 W 2nd StGrand RapidsOH43522
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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
Investment Highlights
Investment property for sale in Grand Rapids at 24014 W 2nd St, Grand Rapids, OH, 43522 uses $47,570 cash to close to unlock $3,029/yr annual cash flow and $252/mo monthly cash flow. Total monthly income runs $1,196/mo, and a $702/mo payment keeps the spread at $252/mo. Purchase price stands at $143,500, and rental yield measures 10% with $1,196/mo rent. Return on cash invested shows 26.28% in year one, and 5% annual appreciation builds toward $39,646 over five years. Five-year ROI reaches 137.54% and total cumulative return in cash records $65,429. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,196/mo property income covering a $702/mo payment rather than investor’s personal income.
Single Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43522, Grand Rapids, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
1,328
Single Family
1,328
Multi-Family
0
Businesses
116
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Listed by: Jonnie Wagner • Harmony Realty Group
Mls Name: NORIS
Mls ID: #6132739
Disclaimer: Listing information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2025 NORIS. All rights reserved.