2433 Gilmour StEast Grand RapidsMI49506
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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 East Grand Rapids at 2433 Gilmour St, East Grand Rapids, MI, 49506 with 5% annual appreciation on a $1,328,500 basis while $4,999/mo rent supports operations. 88% in year one. Equity gained on principal adds $8,573/yr, and five-year appreciation sums $367,040 alongside rental yield of 4.52%. Five-year ROI measures 49.52% and total cumulative return in cash totals $213,167. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,999/mo property income versus a $6,502/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49506, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,282 (100%) |
| Owner Occupied HU | 9,333 (70.3%) |
| Renter Occupied HU | 3,352 (25.2%) |
| Vacant Housing Units | 597 ( 4.5%) |
| Median Home Value | $381,078 |
| Average Home Value | $459,706 |
Housing Distribution
Address Breakdown
Residential
12,765
Single Family
11,674
Multi-Family
1,091
Businesses
601
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Listed by: Nathan L Whitmore • Whitmore Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24013007
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.