3358 Devonwood Hls NE APT BGrand RapidsMI49525
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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 Grand Rapids at 3358 Devonwood Hls NE APT B, Grand Rapids, MI, 49525 earns from $1,388/mo rent with a $857/mo payment. Total monthly income totals $1,388/mo. ROI tracks 18.53% on current figures, and rental yield reads 9.52% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 98.31% and total cumulative return in cash sums $57,031. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,388/mo property income instead of your 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 |
Housing Distribution
Address Breakdown
Residential
12,785
Single Family
10,985
Multi-Family
1,800
Businesses
1,068
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Listed by: Julie A Dodge • Success Realty West Michigan
Mls Name: MichRIC
Mls Provider:
Mls ID: #25030361
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.