248 Hollister Ave 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
Rental property for sale in Grand Rapids at 248 Hollister Ave SE, Grand Rapids, MI, 49506 priced at $447,900 pairs $1,878/mo rent with after a $2,192/mo payment. Total monthly income equals $1,878/mo. Return on cash invested is 11.22% in year one, and rental yield stands at 5.03% on a $447,900 basis. Equity gained on principal adds $2,890/yr, and 5% annual appreciation accumulates to $123,747 by year five. Five-year ROI measures 56.77% and total cumulative return in cash reaches $84,294. For financing, Ziffy Mortgage’s DSCR program evaluates $1,878/mo property income against a $2,192/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1875
6,534 sqft lot
$N/A/sqft
No 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
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Nearby investment properties with comparable prices
Listed by: Stacy P Geerts • Five Star Real Estate (Grandv)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25016155
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.