4865 Rapid River Ave SWWyomingMI49418
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 Wyoming at 4865 Rapid River Ave SW, Wyoming, MI, 49418 priced at $242,500 converts $1,886/mo rent into $22/mo cash flow after a $1,187/mo obligation. Total monthly income equals $1,886/mo, and annual cash flow totals $261/yr on $80,389 invested. Return on cash invested prints 20.23% in year one, and rental yield reads 9.33% against a $242,500 entry. Equity gained on principal adds $1,565/yr, while 5% annual appreciation compiles into $66,998 by year five. Five-year ROI reaches 106.55% and total cumulative return in cash sums $85,651. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,886/mo property income covering a $1,187/mo payment, not borrower’s personal income.
Condo
Built in 2006
1 sqft lot
$N/A/sqft
$265 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49418, Grandville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,599 (100%) |
| Owner Occupied HU | 9,108 (67.0%) |
| Renter Occupied HU | 3,710 (27.3%) |
| Vacant Housing Units | 781 ( 5.7%) |
| Median Home Value | $339,505 |
| Average Home Value | $383,744 |
Housing Distribution
Address Breakdown
Residential
13,158
Single Family
12,047
Multi-Family
1,111
Businesses
1,101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
