3774 Three Mile Rd NEGrand RapidsMI49525
Nearby investment properties with comparable rents
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
Total monthly income runs $3,480/mo, and a $2,741/mo payment. Purchase price stands at $560,000, and rental yield measures 7.46% with $3,480/mo rent. Return on cash invested shows 18.67% in year one, and 5% annual appreciation builds toward $154,718 over five years. Five-year ROI reaches 96.71% and total cumulative return in cash records $178,169. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,480/mo property income covering a $2,741/mo payment rather than investor’s personal income.
Single Family
Built in 1955
5.18 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott M Minnich • Epique Realty
Mls Name: MichRIC
Mls ID: #25055205