2852 Leelanau Dr NEGrand RapidsMI49525
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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 2852 Leelanau Dr NE, Grand Rapids, MI, 49525 offers a 11.28% rental yield on a $349,000 purchase with $3,280/mo rent. Total monthly income registers $3,280/mo, and a $1,708/mo payment leaves $979/mo available for distribution. Annual cash flow reaches $11,744/yr on $115,694 to close, and return on cash invested stands at 30.06% in year one. Equity gained on principal adds $2,252/yr while 5% annual appreciation supports $96,422 over five years. Portfolio math shows five-year ROI at 157.82% and total cumulative return in cash at $182,592. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,280/mo property income against a $1,708/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49525, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,066 (100%) |
| Owner Occupied HU | 9,697 (74.2%) |
| Renter Occupied HU | 2,961 (22.7%) |
| Vacant Housing Units | 408 ( 3.1%) |
| Median Home Value | $372,431 |
| Average Home Value | $442,492 |
Housing Distribution
Address Breakdown
Residential
12,785
Single Family
10,985
Multi-Family
1,800
Businesses
1,068
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Listed by: Renay M Deering-Horton • RE/MAX of Grand Rapids (FH)
Mls Name: MichRIC
Mls ID: #26000881