3704 Edington Ln SE #179, Grand Rapids, MI, 49508 | $388/mo Cash Flow

Recently Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
1160 sft

57 32nd St SW, Wyoming, MI, 49548

4 Bed
2 Bath
1600 sft

3470 Olderidge Dr NE, Grand Rapids, MI, 49525

4 Bed
2 Bath
1181 sft

918 Lafayette Ave NE, Grand Rapids, MI, 49503

2 Bed
1 Bath
1700 sft

6919 Ramsdell Dr NE, Rockford, MI, 49341

Nearby investment properties with comparable prices

2 Bed
1 Bath
1428 sft

7369 Grove Dr, Jenison, MI, 49428

2 Bed
1 Bath
1394 sft

2829 Coit Ave NE, Grand Rapids, MI, 49505

4 Bed
2 Bath
1580 sft

201 Page St NE, Grand Rapids, MI, 49505

4 Bed
1 Bath
1786 sft

956 Merrill Ave SW, Grand Rapids, MI, 49503

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Grand Rapids at 3704 Edington Ln SE #179, Grand Rapids, MI, 49508 listed at $289,000 pairs $2,639/mo rent with a $1,415/mo payment to leave $388/mo cash flow. Total monthly income runs $2,639/mo, and annual cash flow reaches $4,652/yr on $95,804 cash to close. Return on cash invested measures 24.77% in year one, and rental yield registers 10.96% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 130.98% and total cumulative return in cash totals $125,486. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,639/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1987

N/A lot

$N/A/sqft

$345 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49508, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,271 (100%)
Owner Occupied HU	10,323 (63.4%)
Renter Occupied HU	5,488 (33.7%)
Vacant Housing Units	460 ( 2.8%)
Median Home Value	$292,420
Average Home Value	$312,786