3610 Michael Ave SWWyomingMI49509
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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 Wyoming at 3610 Michael Ave SW, Wyoming, MI, 49509 priced at $239,998 converts $1,188/mo rent into after a $1,175/mo obligation. Total monthly income equals $1,188/mo. Return on cash invested prints 13.95% in year one, and rental yield reads 5.94% against a $239,998 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,307 by year five. Five-year ROI reaches 71.42% and total cumulative return in cash sums $56,822. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,188/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in 1948
871.20 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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