2769 Plover Dr #TE0SY7Grand RapidsMI49508
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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 2769 Plover Dr #TE0SY7, Grand Rapids, MI, 49508 earns $60/mo cash flow from $3,170/mo rent with a $2,308/mo payment. Total monthly income totals $3,170/mo, and annual cash flow totals $725/yr on $156,302 capital. ROI tracks 20.37% on current figures, and rental yield reads 8.07% at a $471,500 purchase. Equity gained on principal adds $3,043/yr, and 5% annual appreciation supports $130,267 over five years. Five-year ROI reaches 105.88% and total cumulative return in cash sums $165,492. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,170/mo property income instead of your personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49508, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,271 (100%) |
| Owner Occupied HU | 10,323 (63.4%) |
| Renter Occupied HU | 5,488 (33.7%) |
| Vacant Housing Units | 460 ( 2.8%) |
| Median Home Value | $292,420 |
| Average Home Value | $312,786 |
Housing Distribution
Address Breakdown
Residential
16,167
Single Family
13,226
Multi-Family
2,941
Businesses
918
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Listed by: N/A • N/A
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Mls ID: #N/A