4374 Indian Spring Dr SWGrandvilleMI49418
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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 Grandville at 4374 Indian Spring Dr SW, Grandville, MI, 49418 listed at $219,900 pairs $2,050/mo rent with a $1,076/mo payment to leave $600/mo cash flow. Total monthly income runs $2,050/mo, and annual cash flow reaches $7,202/yr on $72,897 cash to close. Return on cash invested measures 29.79% in year one, and rental yield registers 11.19% at a $219,900 basis. Equity gained on principal adds $1,419/yr, and annual property appreciation at 5% supports $60,754 by year five. Five-year ROI tracks 156.41% and total cumulative return in cash totals $114,016. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,050/mo property income relative to a $1,076/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1981
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: Jeffrey A Marion • Berkshire Hathaway HomeServices Michigan Real Estate (Cascade)
Mls Name: MichRIC
Mls ID: #25061344