315 Lawndale Ave NEGrand RapidsMI49503
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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 315 Lawndale Ave NE, Grand Rapids, MI, 49503 priced at $359,900 converts $2,910/mo rent into $536/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,910/mo, and annual cash flow totals $6,434/yr on $119,307 invested. Return on cash invested prints 25.3% in year one, and rental yield reads 9.7% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 132.32% and total cumulative return in cash sums $157,862. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,910/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1925
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,238 (100%) |
| Owner Occupied HU | 7,149 (35.3%) |
| Renter Occupied HU | 11,464 (56.6%) |
| Vacant Housing Units | 1,625 ( 8.0%) |
| Median Home Value | $281,804 |
| Average Home Value | $332,147 |
Housing Distribution
Address Breakdown
Residential
18,278
Single Family
12,427
Multi-Family
5,851
Businesses
2,048
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Listed by: Kyle Westrate • United Realty Services LLC
Mls Name: MichRIC
Mls ID: #25060521