3396 Devonwood Hls NE APT DGrand RapidsMI49525
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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 Grand Rapids at 3396 Devonwood Hls NE APT D, Grand Rapids, MI, 49525 earns $220/mo cash flow from $1,407/mo rent with a $881/mo payment. Total monthly income totals $1,407/mo, and annual cash flow totals $2,640/yr on $59,670 capital. ROI tracks 24.33% on current figures, and rental yield reads 9.38% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 127.09% and total cumulative return in cash sums $75,833. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,407/mo property income instead of your personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No 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: Courtney R Gabridge • Five Star Real Estate (Ada)
Mls Name: MichRIC
Mls ID: #25048872