2630 Reeds Lake Ct SEEast Grand 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 East Grand Rapids at 2630 Reeds Lake Ct SE, East Grand Rapids, MI, 49506 priced at $1,790,000 converts $6,248/mo rent into after a $8,761/mo obligation. Total monthly income equals $6,248/mo. Return on cash invested prints 8.87% in year one, and rental yield reads 4.19% against a $1,790,000 entry. Equity gained on principal adds $11,551/yr, while 5% annual appreciation compiles into $494,544 by year five. Five-year ROI reaches 44.11% and total cumulative return in cash sums $255,808. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,248/mo property income covering a $8,761/mo payment, not borrower’s personal income.
Single Family
Built in 1924
0.83 Acres 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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Listed by: Kyle Visser • ReSIDE Grand Rapids
Mls Name: MichRIC
Mls Provider:
Mls ID: #25019100
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.