2472 Abbington Dr SEGrand RapidsMI49506
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 2472 Abbington Dr SE, Grand Rapids, MI, 49506 at $204,999 posts ROI 21.72% with $103/mo cash flow from $1,769/mo rent. Total monthly income equals $1,769/mo, and annual cash flow records $1,230/yr on $67,957 to close. Return on cash invested measures 21.72% and rental yield reads 10.36% at the current $204,999. Equity gained on principal adds $1,323/yr, and 5% annual appreciation supports $56,637 by year five. Five-year ROI prints 115.12% and total cumulative return in cash totals $78,233.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,769/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1967
N/A lot
$N/A/sqft
$315 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49506, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,282 (100%) |
| Owner Occupied HU | 9,333 (70.3%) |
| Renter Occupied HU | 3,352 (25.2%) |
| Vacant Housing Units | 597 ( 4.5%) |
| Median Home Value | $381,078 |
| Average Home Value | $459,706 |
Housing Distribution
Address Breakdown
Residential
12,765
Single Family
11,674
Multi-Family
1,091
Businesses
601
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tiffany M Ireland • Living Homes Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25009557
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.