4660 Eastern Ave SE #5Grand RapidsMI49508
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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
Investment property for sale in Grand Rapids at 4660 Eastern Ave SE #5, Grand Rapids, MI, 49508 listed at $200,000 pairs $1,589/mo rent with a $979/mo payment to leave $20/mo cash flow. Total monthly income runs $1,589/mo, and annual cash flow reaches $240/yr on $66,300 cash to close. Return on cash invested measures 20.27% in year one, and rental yield registers 9.53% at a $200,000 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 106.94% and total cumulative return in cash totals $70,904. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,589/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1994
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49508, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,271 (100%) |
| Owner Occupied HU | 10,323 (63.4%) |
| Renter Occupied HU | 5,488 (33.7%) |
| Vacant Housing Units | 460 ( 2.8%) |
| Median Home Value | $292,420 |
| Average Home Value | $312,786 |
Housing Distribution
Address Breakdown
Residential
16,167
Single Family
13,226
Multi-Family
2,941
Businesses
918
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Listed by: Lucas Howard • Keller Williams GR East
Mls Name: MichRIC
Mls Provider:
Mls ID: #25016107
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.