4482 Coneflower Ct SEGrand RapidsMI49512
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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 Grand Rapids at 4482 Coneflower Ct SE, Grand Rapids, MI, 49512 priced at $469,675 pairs $3,090/mo rent with after a $2,299/mo payment. Total monthly income equals $3,090/mo. Return on cash invested is 19.85% in year one, and rental yield stands at 7.89% on a $469,675 basis. Equity gained on principal adds $3,031/yr, and 5% annual appreciation accumulates to $129,763 by year five. Five-year ROI measures 103.07% and total cumulative return in cash reaches $160,479. For financing, Ziffy Mortgage’s DSCR program evaluates $3,090/mo property income against a $2,299/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
9,583 sqft 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
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Listed by: John Ferlaak • Bosgraaf Properties of Michigan LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24059350
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.