3498 S Lyn Haven Dr SE #69Grand RapidsMI49512
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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 3498 S Lyn Haven Dr SE #69, Grand Rapids, MI, 49512 offers a 9.17% rental yield on a $279,900 purchase with $2,140/mo rent. Total monthly income registers $2,140/mo, and a $1,370/mo payment leaves $294/mo available for distribution. Annual cash flow reaches $3,530/yr on $92,787 to close, and return on cash invested stands at 23.71% in year one. Equity gained on principal adds $1,806/yr while 5% annual appreciation supports $77,331 over five years. Portfolio math shows five-year ROI at 123.82% and total cumulative return in cash at $114,889. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,140/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49512, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,146 (100%) |
| Owner Occupied HU | 4,073 (44.5%) |
| Renter Occupied HU | 4,640 (50.7%) |
| Vacant Housing Units | 433 ( 4.7%) |
| Median Home Value | $320,719 |
| Average Home Value | $334,005 |
Housing Distribution
Address Breakdown
Residential
8,547
Single Family
4,842
Multi-Family
3,705
Businesses
1,603
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Listed by: Felisha Rodriguez • Continental Realty of West Michigan by Maria Saucedo
Mls Name: MichRIC
Mls ID: #26001383