335 Bridge St NW APT 2503Grand RapidsMI49504
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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 335 Bridge St NW APT 2503, Grand Rapids, MI, 49504 generates $3,578/mo in rent, after a $2,129/mo payment. Total monthly income is $3,578/mo. Return on cash invested sits at 19.76% in year one, and rental yield is 9.87% on a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 104.75% and total cumulative return in cash sums $151,056. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,578/mo property income rather than buyer’s personal income.
Condo
Built in 2009
N/A lot
$N/A/sqft
$728 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49504, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,664 (100%) |
| Owner Occupied HU | 10,506 (56.3%) |
| Renter Occupied HU | 7,008 (37.5%) |
| Vacant Housing Units | 1,150 ( 6.2%) |
| Median Home Value | $258,759 |
| Average Home Value | $284,959 |
Housing Distribution
Address Breakdown
Residential
17,332
Single Family
14,985
Multi-Family
2,347
Businesses
891
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Listed by: Charles J Gallagher • Greenridge Realty (Downtown)
Mls Name: MichRIC
Mls Provider:
Mls ID: #24054391
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.