4740 Paramount Dr NEGrand RapidsMI49525
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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 4740 Paramount Dr NE, Grand Rapids, MI, 49525 uses $149,142 cash to close to unlock $7,550/yr annual cash flow and $629/mo monthly cash flow. Total monthly income runs $3,596/mo, and a $2,202/mo payment keeps the spread at $629/mo. Purchase price stands at $449,900, and rental yield measures 9.59% with $3,596/mo rent. Return on cash invested shows 24.97% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 130.54% and total cumulative return in cash records $194,686. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,596/mo property income covering a $2,202/mo payment rather than investor’s personal income.
Single Family
Built in 1995
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49525, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,066 (100%) |
| Owner Occupied HU | 9,697 (74.2%) |
| Renter Occupied HU | 2,961 (22.7%) |
| Vacant Housing Units | 408 ( 3.1%) |
| Median Home Value | $372,431 |
| Average Home Value | $442,492 |
Housing Distribution
Address Breakdown
Residential
12,785
Single Family
10,985
Multi-Family
1,800
Businesses
1,068
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Listed by: Bonnie Dempsey • Amplified Real Estate
Mls Name: MichRIC
Mls ID: #25049281