3744 Colby 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
Investment property for sale in Wyoming at 3744 Colby Ave SW, Wyoming, MI, 49509 listed at $282,000 pairs $2,460/mo rent with a $1,380/mo payment to leave $601/mo cash flow. Total monthly income runs $2,460/mo, and annual cash flow reaches $7,207/yr on $93,483 cash to close. Return on cash invested measures 27.62% in year one, and rental yield registers 10.47% at a $282,000 basis. Equity gained on principal adds $1,820/yr, and annual property appreciation at 5% supports $77,911 by year five. Five-year ROI tracks 144.72% and total cumulative return in cash totals $135,289. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,460/mo property income relative to a $1,380/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1948
10,454 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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