24647 W 3rd StGrand 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 24647 W 3rd St, Grand Rapids, OH, 43522 offers a 7.14% rental yield on a $419,990 purchase with $2,500/mo rent. 5% in year one. Equity gained on principal adds $2,710/yr while 5% annual appreciation supports $116,035 over five years. Portfolio math shows five-year ROI at 90.5% and total cumulative return in cash at $126,004. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,500/mo property income against a $2,056/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
7,405 sqft lot
$N/A/sqft
$200 annually 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: Gregory Erlanger • Keller Williams Citywide
Mls Name: NORIS
Mls ID: #6129524
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2025 NORIS. All rights reserved.