463 Gilbert 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 463 Gilbert St SE, Grand Rapids, MI, 49507 at $199,000 posts ROI 23.63% with $205/mo cash flow from $1,517/mo rent. Total monthly income equals $1,517/mo, and annual cash flow records $2,456/yr on $65,969 to close. Return on cash invested measures 23.63% and rental yield reads 9.15% at the current $199,000. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 by year five. Five-year ROI prints 123.36% and total cumulative return in cash totals $81,378.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,517/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1911
6,969 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: Filloreta Balaj-Elezi • EXP Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24062200
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.