3861 Fenwick St NWGrand RapidsMI49534
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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 3861 Fenwick St NW, Grand Rapids, MI, 49534 uses $115,694 cash to close to unlock $5,912/yr annual cash flow and $493/mo monthly cash flow. Total monthly income runs $2,794/mo, and a $1,708/mo payment keeps the spread at $493/mo. Purchase price stands at $349,000, and rental yield measures 9.61% with $2,794/mo rent. Return on cash invested shows 25.02% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 130.78% and total cumulative return in cash records $151,308. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,794/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.40 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Bryce A Balcer • Icon Realty Group LLC
Mls Name: MichRIC
Mls ID: #25056002