4227 Eastcastle Ct SE #20Grand RapidsMI49508
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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 4227 Eastcastle Ct SE #20, Grand Rapids, MI, 49508 earns $32/mo cash flow from $1,400/mo rent with a $793/mo payment. Total monthly income totals $1,400/mo, and annual cash flow totals $379/yr on $53,703 capital. ROI tracks 20.62% on current figures, and rental yield reads 10.37% at a $162,000 purchase. Equity gained on principal adds $1,045/yr, and 5% annual appreciation supports $44,758 over five years. Five-year ROI reaches 109.64% and total cumulative return in cash sums $58,877. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,400/mo property income instead of your personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49508, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,271 (100%) |
| Owner Occupied HU | 10,323 (63.4%) |
| Renter Occupied HU | 5,488 (33.7%) |
| Vacant Housing Units | 460 ( 2.8%) |
| Median Home Value | $292,420 |
| Average Home Value | $312,786 |
Housing Distribution
Address Breakdown
Residential
16,167
Single Family
13,226
Multi-Family
2,941
Businesses
918
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Listed by: Cathy Nyboer • Five Star Real Estate (Grandv)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25020029
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.