32 Calhoun St SWWyomingMI49548
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 Wyoming at 32 Calhoun St SW, Wyoming, MI, 49548 priced at $239,900 converts $3,188/mo rent into $1,606/mo cash flow after a $1,174/mo obligation. Total monthly income equals $3,188/mo, and annual cash flow totals $19,274/yr on $79,527 invested. Return on cash invested prints 44.14% in year one, and rental yield reads 15.95% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 233.39% and total cumulative return in cash sums $185,611. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,188/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1934
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49548, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,625 (100%) |
| Owner Occupied HU | 9,662 (70.9%) |
| Renter Occupied HU | 3,618 (26.6%) |
| Vacant Housing Units | 345 ( 2.5%) |
| Median Home Value | $202,210 |
| Average Home Value | $248,548 |
Housing Distribution
Address Breakdown
Residential
13,361
Single Family
12,642
Multi-Family
719
Businesses
1,284
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