2523 Abbington Dr SEGrand RapidsMI49506
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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
Rental property for sale in Grand Rapids at 2523 Abbington Dr SE, Grand Rapids, MI, 49506 generates $1,721/mo in rent and, after a $1,028/mo payment, leaves $41/mo in cash flow. Total monthly income is $1,721/mo, and annual cash flow is $492/yr on $69,615 invested. Return on cash invested sits at 20.62% in year one, and rental yield is 9.83% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 109% and total cumulative return in cash sums $75,880. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,721/mo property income rather than buyer’s personal income.
Condo
Built in 1967
18.24 Acres lot
$N/A/sqft
$295 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
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Listed by: Kellie Kalish • Five Star Real Estate (Eastown)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25018805
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.