2550 Eastern Ave SE #112Grand RapidsMI49507
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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 2550 Eastern Ave SE #112, Grand Rapids, MI, 49507 listed at $176,000 pairs $1,335/mo rent with a $861/mo payment. Total monthly income runs $1,335/mo. Return on cash invested measures 18.36% in year one, and rental yield registers 9.1% at a $176,000 basis. Equity gained on principal adds $1,136/yr, and annual property appreciation at 5% supports $48,626 by year five. Five-year ROI tracks 96.95% and total cumulative return in cash totals $56,565. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,335/mo property income relative to a $861/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1942
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49507, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,654 (100%) |
| Owner Occupied HU | 8,476 (62.1%) |
| Renter Occupied HU | 4,606 (33.7%) |
| Vacant Housing Units | 572 ( 4.2%) |
| Median Home Value | $221,284 |
| Average Home Value | $243,171 |
Housing Distribution
Address Breakdown
Residential
12,903
Single Family
12,159
Multi-Family
744
Businesses
715
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Listed by: Latasha Black • LCB & Associates Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25020652
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.