5006 Cedar Crest Ct NEGrand RapidsMI49525
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 5006 Cedar Crest Ct NE, Grand Rapids, MI, 49525 uses $192,465 cash to close to unlock $10,566/yr annual cash flow and $881/mo monthly cash flow. Total monthly income runs $4,738/mo, and a $2,863/mo payment keeps the spread at $881/mo. Purchase price stands at $585,000, and rental yield measures 9.72% with $4,738/mo rent. Return on cash invested shows 25.55% in year one, and 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 133.6% and total cumulative return in cash records $257,130. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,738/mo property income covering a $2,863/mo payment rather than investor’s personal income.
Single Family
Built in 1993
0.70 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A