4418 Overlook Ter SE #145Grand RapidsMI49512
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 4418 Overlook Ter SE #145, Grand Rapids, MI, 49512 uses $46,408 cash to close to unlock $1,920/yr annual cash flow and $160/mo monthly cash flow. Total monthly income runs $1,083/mo, and a $685/mo payment keeps the spread at $160/mo. Purchase price stands at $139,995, and rental yield measures 9.28% with $1,083/mo rent. Return on cash invested shows 24.05% in year one, and 5% annual appreciation builds toward $38,678 over five years. Five-year ROI reaches 125.69% and total cumulative return in cash records $58,329. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,083/mo property income covering a $685/mo payment rather than investor’s personal income.
Manufactured
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49512, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,146 (100%) |
| Owner Occupied HU | 4,073 (44.5%) |
| Renter Occupied HU | 4,640 (50.7%) |
| Vacant Housing Units | 433 ( 4.7%) |
| Median Home Value | $320,719 |
| Average Home Value | $334,005 |
Housing Distribution
Address Breakdown
Residential
8,547
Single Family
4,842
Multi-Family
3,705
Businesses
1,603
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sales Representative • N/A
Mls Name: MHBO
Mls ID: #583631