452 Union Ave SEGrand RapidsMI49503
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
Rental property for sale in Grand Rapids at 452 Union Ave SE, Grand Rapids, MI, 49503 priced at $314,900 converts $2,309/mo rent into $233/mo cash flow after a $1,541/mo obligation. Total monthly income equals $2,309/mo, and annual cash flow totals $2,792/yr on $104,389 invested. Return on cash invested prints 22.58% in year one, and rental yield reads 8.8% against a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation compiles into $87,001 by year five. Five-year ROI reaches 117.72% and total cumulative return in cash sums $122,890. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,309/mo property income covering a $1,541/mo payment, not borrower’s personal income.
Single Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,238 (100%) |
| Owner Occupied HU | 7,149 (35.3%) |
| Renter Occupied HU | 11,464 (56.6%) |
| Vacant Housing Units | 1,625 ( 8.0%) |
| Median Home Value | $281,804 |
| Average Home Value | $332,147 |
Housing Distribution
Address Breakdown
Residential
18,278
Single Family
12,427
Multi-Family
5,851
Businesses
2,048
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Travis L McIntyre • Bellabay Realty (North)
Mls Name: MichRIC
Mls ID: #25054508