24525 Village LnGrand 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 24525 Village Ln, Grand Rapids, OH, 43522 uses $66,300 cash to close to unlock $3,796/yr annual cash flow and $316/mo monthly cash flow. Total monthly income runs $1,632/mo, and a $979/mo payment keeps the spread at $316/mo. Purchase price stands at $200,000, and rental yield measures 9.79% with $1,632/mo rent. Return on cash invested shows 25.63% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 134.09% and total cumulative return in cash records $88,904. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,632/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
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: Bryan Hartzler • The Danberry Co
Mls Name: NORIS
Mls ID: #10002379