2769 Plover Dr #X50984Grand RapidsMI49508
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 Grand Rapids at 2769 Plover Dr #X50984, Grand Rapids, MI, 49508 generates $3,235/mo in rent and, after a $1,900/mo payment, leaves $675/mo in cash flow. Total monthly income is $3,235/mo, and annual cash flow is $8,101/yr on $128,688 invested. Return on cash invested sits at 26.2% in year one, and rental yield is 10% on a $388,200 entry. Equity gained on principal adds $2,505/yr, while 5% annual appreciation builds toward $107,253 over five years. Five-year ROI reaches 137.16% and total cumulative return in cash sums $176,503. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,235/mo property income rather than buyer’s 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A