4342 Indian Spring Dr SW #58GrandvilleMI49418
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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 Grandville at 4342 Indian Spring Dr SW #58, Grandville, MI, 49418 generates $1,701/mo in rent and, after a $1,174/mo payment, leaves $119/mo in cash flow. Total monthly income is $1,701/mo, and annual cash flow is $1,430/yr on $79,527 invested. Return on cash invested sits at 21.71% in year one, and rental yield is 8.51% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 113.07% and total cumulative return in cash sums $89,923. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,701/mo property income rather than buyer’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49418, Grandville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,599 (100%) |
| Owner Occupied HU | 9,108 (67.0%) |
| Renter Occupied HU | 3,710 (27.3%) |
| Vacant Housing Units | 781 ( 5.7%) |
| Median Home Value | $339,505 |
| Average Home Value | $383,744 |
Housing Distribution
Address Breakdown
Residential
13,158
Single Family
12,047
Multi-Family
1,111
Businesses
1,101
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Listed by: John A Hascher • Homes by Hascher Realty LLC
Mls Name: MichRIC
Mls ID: #25035957