2966 Thorncrest Dr SEGrand RapidsMI49546
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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 2966 Thorncrest Dr SE, Grand Rapids, MI, 49546 listed at $399,900 pairs $5,140/mo rent with a $1,957/mo payment to leave $2,503/mo cash flow. Total monthly income runs $5,140/mo, and annual cash flow reaches $30,038/yr on $132,567 cash to close. Return on cash invested measures 42.57% in year one, and rental yield registers 15.42% at a $399,900 basis. Equity gained on principal adds $2,580/yr, and annual property appreciation at 5% supports $110,485 by year five. Five-year ROI tracks 224.9% and total cumulative return in cash totals $298,148. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,140/mo property income relative to a $1,957/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
0.50 Acres lot
$N/A/sqft
No HOA
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Listed by: Keith J King • Berkshire Hathaway HomeServices Michigan Real Estate (Main)
Mls Name: MichRIC
Mls Provider:
Mls ID: #24036754
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.