3185 Baker Park Dr 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 3185 Baker Park Dr SE, Grand Rapids, MI, 49508 offers $2,550/mo rent that, after a $1,676/mo payment, leaves $292/mo cash flow. Total monthly income is $2,550/mo, and annual cash flow is $3,501/yr on $113,539 cash. Return on cash invested measures 22.99% in year one, and rental yield stands at 8.93% at a $342,500 entry. Equity gained on principal adds $2,210/yr while 5% annual appreciation compounds into $94,626 by year five. Five-year ROI records 119.91% and total cumulative return in cash reaches $136,139. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,550/mo property income versus a $1,676/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.35 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: James D Blehm • Keller Williams GR North
Mls Name: MichRIC
Mls Provider:
Mls ID: #25002693
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.