2436 Madison Ave SEGrand RapidsMI49507
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 2436 Madison Ave SE, Grand Rapids, MI, 49507 uses $95,472 cash to close to unlock $6,893/yr annual cash flow and $574/mo monthly cash flow. Total monthly income runs $2,474/mo, and a $1,410/mo payment keeps the spread at $574/mo. Purchase price stands at $288,000, and rental yield measures 10.31% with $2,474/mo rent. Return on cash invested shows 27.13% in year one, and 5% annual appreciation builds toward $79,569 over five years. Five-year ROI reaches 142.12% and total cumulative return in cash records $135,684. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,474/mo property income covering a $1,410/mo payment rather than investor’s personal income.
Single Family
Built in 1947
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49507, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,654 (100%) |
| Owner Occupied HU | 8,476 (62.1%) |
| Renter Occupied HU | 4,606 (33.7%) |
| Vacant Housing Units | 572 ( 4.2%) |
| Median Home Value | $221,284 |
| Average Home Value | $243,171 |
Housing Distribution
Address Breakdown
Residential
12,903
Single Family
12,159
Multi-Family
744
Businesses
715
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James M Chertos • Bellabay Realty LLC
Mls Name: MichRIC
Mls ID: #25054063