254 Carriage Ln SW #48Grand RapidsMI49548
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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 254 Carriage Ln SW #48, Grand Rapids, MI, 49548 generates $1,913/mo in rent and, after a $793/mo payment, leaves $657/mo in cash flow. Total monthly income is $1,913/mo, and annual cash flow is $7,879/yr on $53,703 invested. Return on cash invested sits at 34.58% in year one, and rental yield is 14.17% on a $162,000 entry. Equity gained on principal adds $1,045/yr, while 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 183.6% and total cumulative return in cash sums $98,597. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,913/mo property income rather than buyer’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
$188 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49548, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,625 (100%) |
| Owner Occupied HU | 9,662 (70.9%) |
| Renter Occupied HU | 3,618 (26.6%) |
| Vacant Housing Units | 345 ( 2.5%) |
| Median Home Value | $202,210 |
| Average Home Value | $248,548 |
Housing Distribution
Address Breakdown
Residential
13,361
Single Family
12,642
Multi-Family
719
Businesses
1,284
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Listed by: Dwight J Berens • RE/MAX of Grand Rapids (Stndl)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25021972
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.