40 Somerset Dr NEGrand RapidsMI49503
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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 40 Somerset Dr NE, Grand Rapids, MI, 49503 listed at $399,900 pairs $3,977/mo rent with a $1,957/mo payment to leave $1,340/mo cash flow. Total monthly income runs $3,977/mo, and annual cash flow reaches $16,082/yr on $132,567 cash to close. Return on cash invested measures 32.04% in year one, and rental yield registers 11.93% at a $399,900 basis. Equity gained on principal adds $2,580/yr, and annual property appreciation at 5% supports $110,485 by year five. Five-year ROI tracks 168.45% and total cumulative return in cash totals $223,304. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,977/mo property income relative to a $1,957/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,238 (100%) |
| Owner Occupied HU | 7,149 (35.3%) |
| Renter Occupied HU | 11,464 (56.6%) |
| Vacant Housing Units | 1,625 ( 8.0%) |
| Median Home Value | $281,804 |
| Average Home Value | $332,147 |
Housing Distribution
Address Breakdown
Residential
18,278
Single Family
12,427
Multi-Family
5,851
Businesses
2,048
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Listed by: Abigail Corcoran • Greenridge Realty (EGR)
Mls Name: MichRIC
Mls ID: #25057194