2769 Paddington Dr SEKentwoodMI49512
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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 Kentwood at 2769 Paddington Dr SE, Kentwood, MI, 49512 priced at $409,900 pairs $3,041/mo rent with $338/mo cash flow after a $2,006/mo payment. Total monthly income equals $3,041/mo, and annual cash flow comes to $4,058/yr on $135,882 invested. Return on cash invested is 22.9% in year one, and rental yield stands at 8.9% on a $409,900 basis. Equity gained on principal adds $2,645/yr, and 5% annual appreciation accumulates to $113,248 by year five. Five-year ROI measures 119.42% and total cumulative return in cash reaches $162,268. For financing, Ziffy Mortgage’s DSCR program evaluates $3,041/mo property income against a $2,006/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49512, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,146 (100%) |
| Owner Occupied HU | 4,073 (44.5%) |
| Renter Occupied HU | 4,640 (50.7%) |
| Vacant Housing Units | 433 ( 4.7%) |
| Median Home Value | $320,719 |
| Average Home Value | $334,005 |
Housing Distribution
Address Breakdown
Residential
8,547
Single Family
4,842
Multi-Family
3,705
Businesses
1,603
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