243 Straight Ave SWGrand RapidsMI49504
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 243 Straight Ave SW, Grand Rapids, MI, 49504 at $235,900 posts ROI 24.22% with $281/mo cash flow from $1,837/mo rent. Total monthly income equals $1,837/mo, and annual cash flow records $3,372/yr on $78,201 to close. Return on cash invested measures 24.22% and rental yield reads 9.34% at the current $235,900. Equity gained on principal adds $1,522/yr, and 5% annual appreciation supports $65,175 by year five. Five-year ROI prints 126.49% and total cumulative return in cash totals $98,915.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,837/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1880
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49504, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,664 (100%) |
| Owner Occupied HU | 10,506 (56.3%) |
| Renter Occupied HU | 7,008 (37.5%) |
| Vacant Housing Units | 1,150 ( 6.2%) |
| Median Home Value | $258,759 |
| Average Home Value | $284,959 |
Housing Distribution
Address Breakdown
Residential
17,332
Single Family
14,985
Multi-Family
2,347
Businesses
891
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Perrine • Bellabay Realty (North)
Mls Name: MichRIC
Mls ID: #26000085