4873 Prairie River Dr SEGrand RapidsMI49512








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 4873 Prairie River Dr SE, Grand Rapids, MI, 49512 priced at $665,000 converts $5,212/mo rent into $765/mo cash flow after a $3,255/mo obligation. Total monthly income equals $5,212/mo, and annual cash flow totals $9,178/yr on $218,785 invested. Return on cash invested prints 24.26% in year one, and rental yield reads 9.41% against a $665,000 entry. Equity gained on principal adds $4,291/yr, while 5% annual appreciation compiles into $183,727 by year five. Five-year ROI reaches 126.77% and total cumulative return in cash sums $277,351. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,212/mo property income covering a $3,255/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.91 Acres lot
$N/A/sqft
$740 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49512, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,146 (100%) |
| Owner Occupied HU | 4,073 (44.5%) |
| Renter Occupied HU | 4,640 (50.7%) |
| Vacant Housing Units | 433 ( 4.7%) |
| Median Home Value | $320,719 |
| Average Home Value | $334,005 |
Housing Distribution
Address Breakdown
Residential
8,547
Single Family
4,842
Multi-Family
3,705
Businesses
1,603
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Nearby investment properties with comparable prices



Listed by: Jason A Griffin • Keller Williams GR North
Mls Name: MichRIC
Mls Provider:
Mls ID: #24030902
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.








