2826 W Highgate St SE #42Grand RapidsMI49512
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
Investment property for sale in Grand Rapids at 2826 W Highgate St SE #42, Grand Rapids, MI, 49512 earns $15/mo cash flow from $3,614/mo rent with a $2,471/mo payment. Total monthly income totals $3,614/mo, and annual cash flow totals $176/yr on $166,112 capital. ROI tracks 20.17% on current figures, and rental yield reads 8.59% at a $504,900 purchase. Equity gained on principal adds $3,258/yr, and 5% annual appreciation supports $139,495 over five years. Five-year ROI reaches 105.43% and total cumulative return in cash sums $175,126. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,614/mo property income instead of your personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$270 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura A Cummings • Best Homes of Michigan LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24009143
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.