3392 Flamingo Ave SWWyomingMI49509
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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
Investment property for sale in Wyoming at 3392 Flamingo Ave SW, Wyoming, MI, 49509 earns $1,327/mo cash flow from $2,844/mo rent with a $1,126/mo payment. Total monthly income totals $2,844/mo, and annual cash flow totals $15,924/yr on $76,245 capital. ROI tracks 40.79% on current figures, and rental yield reads 14.84% at a $230,000 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 over five years. Five-year ROI reaches 215.38% and total cumulative return in cash sums $164,215. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,844/mo property income instead of your personal income.
Single Family
Built in 1963
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49509, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,584 (100%) |
| Owner Occupied HU | 7,689 (72.6%) |
| Renter Occupied HU | 2,668 (25.2%) |
| Vacant Housing Units | 227 ( 2.1%) |
| Median Home Value | $207,897 |
| Average Home Value | $239,716 |
Housing Distribution
Address Breakdown
Residential
10,959
Single Family
9,829
Multi-Family
1,130
Businesses
782
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