2951 Vineland Ave SEGrand 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
Rental property for sale in Grand Rapids at 2951 Vineland Ave SE, Grand Rapids, MI, 49508 priced at $915,000 converts $1,127/mo rent into after a $4,478/mo obligation. Total monthly income equals $1,127/mo. Return on cash invested prints 0.5% in year one, and rental yield reads 1.48% against a $915,000 entry. Equity gained on principal adds $5,904/yr, while 5% annual appreciation compiles into $252,798 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,127/mo property income covering a $4,478/mo payment, not borrower’s personal income.
Multi Family
Built in 1962
0.68 Acres 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: Ryan Ogle • EXP Realty (Grand Rapids)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25022508
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.