4077 Maybeck Dr NEGrand RapidsMI49525
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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
Rental property for sale in Grand Rapids at 4077 Maybeck Dr NE, Grand Rapids, MI, 49525 priced at $795,000 converts $5,563/mo rent into after a $3,891/mo obligation. Total monthly income equals $5,563/mo. Return on cash invested prints 19.47% in year one, and rental yield reads 8.4% against a $795,000 entry. Equity gained on principal adds $5,130/yr, while 5% annual appreciation compiles into $219,644 by year five. Five-year ROI reaches 101.72% and total cumulative return in cash sums $266,062. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,563/mo property income covering a $3,891/mo payment, not borrower’s personal income.
Condo
Built in 2017
871.20 sqft lot
$N/A/sqft
$450 monthly 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
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Listed by: Angela Froncek • Keller Williams GR East
Mls Name: MichRIC
Mls Provider:
Mls ID: #24048109
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.