3347 Vermont Ave SWGrandvilleMI49418
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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
Investment property for sale in Grandville at 3347 Vermont Ave SW, Grandville, MI, 49418 uses $96,102 cash to close to unlock $3,398/yr annual cash flow and $283/mo monthly cash flow. Total monthly income runs $2,195/mo, and a $1,419/mo payment keeps the spread at $283/mo. Purchase price stands at $289,900, and rental yield measures 9.09% with $2,195/mo rent. Return on cash invested shows 23.44% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 122.38% and total cumulative return in cash records $117,609. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,195/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1949
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49418, Grandville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,599 (100%) |
| Owner Occupied HU | 9,108 (67.0%) |
| Renter Occupied HU | 3,710 (27.3%) |
| Vacant Housing Units | 781 ( 5.7%) |
| Median Home Value | $339,505 |
| Average Home Value | $383,744 |
Housing Distribution
Address Breakdown
Residential
13,158
Single Family
12,047
Multi-Family
1,111
Businesses
1,101
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Listed by: Nicole L Wright • Five Star Real Estate (Chicago Dr)
Mls Name: MichRIC
Mls ID: #25060374