2809 Sanderling CtGrand 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 2809 Sanderling Ct, Grand Rapids, MI, 49508 offers a 9.66% rental yield on a $424,900 purchase with $3,420/mo rent. Total monthly income registers $3,420/mo, and a $2,080/mo payment leaves $618/mo available for distribution. Annual cash flow reaches $7,412/yr on $140,854 to close, and return on cash invested stands at 25.17% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,392 over five years. Portfolio math shows five-year ROI at 131.61% and total cumulative return in cash at $185,373. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,420/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
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 • Allen Edwin Homes
Mls Name: Allen Edwin Homes
Mls Provider:
Mls ID: #N/A