441 Adams St SEGrand RapidsMI49507
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 441 Adams St SE, Grand Rapids, MI, 49507 uses $67,295 cash to close to unlock $16,271/yr annual cash flow and $1,356/mo monthly cash flow. Total monthly income runs $2,695/mo, and a $994/mo payment keeps the spread at $1,356/mo. Purchase price stands at $203,000, and rental yield measures 15.93% with $2,695/mo rent. Return on cash invested shows 44.09% in year one, and 5% annual appreciation builds toward $56,085 over five years. Five-year ROI reaches 233.03% and total cumulative return in cash records $156,818. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,695/mo property income covering a $994/mo payment rather than investor’s personal income.
Single Family
Built in 1910
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49507, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,654 (100%) |
| Owner Occupied HU | 8,476 (62.1%) |
| Renter Occupied HU | 4,606 (33.7%) |
| Vacant Housing Units | 572 ( 4.2%) |
| Median Home Value | $221,284 |
| Average Home Value | $243,171 |
Housing Distribution
Address Breakdown
Residential
12,903
Single Family
12,159
Multi-Family
744
Businesses
715
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shawn Hopkins • EXP Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24046561
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.