2459 Blaine Ave SEGrand RapidsMI49507
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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 2459 Blaine Ave SE, Grand Rapids, MI, 49507 listed at $284,900 pairs $2,612/mo rent with a $1,394/mo payment to leave $734/mo cash flow. Total monthly income runs $2,612/mo, and annual cash flow reaches $8,804/yr on $94,444 cash to close. Return on cash invested measures 29.23% in year one, and rental yield registers 11% at a $284,900 basis. Equity gained on principal adds $1,838/yr, and annual property appreciation at 5% supports $78,713 by year five. Five-year ROI tracks 153.36% and total cumulative return in cash totals $144,839. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,612/mo property income relative to a $1,394/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1948
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
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Listed by: Andrew D VanDeWalker • Coldwell Banker Schmidt Realtors
Mls Name: MichRIC
Mls ID: #25039650