3083 Five Mile Rd NEGrand RapidsMI49525
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
Rental property for sale in Grand Rapids at 3083 Five Mile Rd NE, Grand Rapids, MI, 49525 generates $2,626/mo in rent and, after a $1,321/mo payment, leaves $846/mo in cash flow. Total monthly income is $2,626/mo, and annual cash flow is $10,154/yr on $89,472 invested. Return on cash invested sits at 31.26% in year one, and rental yield is 11.68% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 164.26% and total cumulative return in cash sums $146,970. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,626/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.31 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris M Good • United Realty Services LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25009412
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.