4515 Harbor View Dr, Grand Rapids, MI, 49512 | 5.02% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Grand Rapids at 4515 Harbor View Dr, Grand Rapids, MI, 49512 offers $3,090/mo rent that, after a $3,612/mo payment. Total monthly income is $3,090/mo. Return on cash invested measures 11.05% in year one, and rental yield stands at 5.02% at a $738,000 entry. Equity gained on principal adds $4,762/yr while 5% annual appreciation compounds into $203,896 by year five. Five-year ROI records 55.94% and total cumulative return in cash reaches $135,822. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,090/mo property income versus a $3,612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2023

0.73 Acres lot

$N/A/sqft

$550 annually 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