3294 Devonwood Dr NE #D, Grand Rapids, MI, 49525 | $497/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Grand Rapids at 3294 Devonwood Dr NE #D, Grand Rapids, MI, 49525 uses $57,018 cash to close to unlock $5,959/yr annual cash flow and $497/mo monthly cash flow. Total monthly income runs $1,931/mo, and a $842/mo payment keeps the spread at $497/mo. Purchase price stands at $172,000, and rental yield measures 13.47% with $1,931/mo rent. Return on cash invested shows 30.36% in year one, and 5% annual appreciation builds toward $47,520 over five years. Five-year ROI reaches 161.76% and total cumulative return in cash records $92,233. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,931/mo property income covering a $842/mo payment rather than investor’s personal income.

Condo

Built in 1986

N/A lot

$N/A/sqft

$300 monthly 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