24525 Village Ln, Grand Rapids, OH, 43522 | $319/mo Cash Flow | Ziffy
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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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NMLS #2625701
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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
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Investment Highlights

Investment property for sale in Grand Rapids at 24525 Village Ln, Grand Rapids, OH, 43522 uses $66,300 cash to close to unlock $3,832/yr annual cash flow and $319/mo monthly cash flow. Total monthly income runs $1,635/mo, and a $979/mo payment keeps the spread at $319/mo. Purchase price stands at $200,000, and rental yield measures 9.81% with $1,635/mo rent. Return on cash invested shows 25.69% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 134.38% and total cumulative return in cash records $89,096. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,635/mo property income covering a $979/mo payment rather than investor’s personal income.

Condo

Built in 1997

N/A lot

$N/A/sqft

No HOA

More details about the property

Charming 55+ community tucked on a quiet Grand Rapids street. This 2-bed, 1.5-bath condo offers a remodeled kitchen, full and half bath, plus a bright three-season room perfect for morning coffee. A comfortable, inviting place to call home. Kitchen, full bath, and half bath remodeled and new water heater all in 2017.

Neighborhood Data

Neighborhood data shown for ZIP Code: 43522, Grand Rapids, OH area.

Housing Distribution

Housing Statistics

CategoryValue
Total HU (Housing Units)1,480 (100%)
Owner Occupied HU1,205 (81.4%)
Renter Occupied HU170 (11.5%)
Vacant Housing Units105 ( 7.1%)
Median Home Value$270,989
Average Home Value$310,811

Address Breakdown

Residential

1,328

Single Family

1,328

Multi-Family

0

Businesses

116

Price History

Date

Event

Price

No price history data available

Tax History

Date

Tax Paid

Tax Increase Rate

Value

Value Increase Rate

No tax history data available
Loan officer
Loan officer
Loan officer
Powered by
Ziffy Mortgage
NMLS #2625701
Get Pre-Approved

Facts & Features

General Information

  • Type: Condo
  • Year Built: 1997
  • Architectural Style: N/A
  • Building Area: N/A
  • Living Area: N/A
  • Property Condition: N/A

Features & Amenities

  • Heating: N/A
  • Cooling: N/A
  • Flooring: N/A
  • Interior Features: N/A
  • Exterior Features: N/A
  • Parking Features: Asphalt, Attached Garage, Driveway, Garage Door Opener

Location

  • City: Grand Rapids
  • State: OH
  • Subdivision: N/A
  • Lot Size: N/A
  • Lot Features: N/A
  • View: N/A

HOA & Fees

  • HOA Fee: N/A
  • Association Fee: N/A
  • Fees & Dues: N/A
  • Association Amenities: N/A
  • Association Fee Includes: N/A

Utilities

  • Utilities: N/A
  • Sewer: N/A
  • Water Source: N/A
  • Road Surface Type: N/A

School Information

  • Elementary School: N/A
  • Middle School: N/A
  • High School: N/A

Listed by: Bryan Hartzler • The Danberry Co 

Mls Name: NORIS

Mls ID: #10002379

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