507 Glenwood Ave SEGrand RapidsMI49506
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 507 Glenwood Ave SE, Grand Rapids, MI, 49506 generates $2,752/mo in rent, after a $2,344/mo payment. Total monthly income is $2,752/mo. Return on cash invested sits at 16.84% in year one, and rental yield is 6.89% on a $479,000 entry. Equity gained on principal adds $3,091/yr, while 5% annual appreciation builds toward $132,339 over five years. Five-year ROI reaches 86.9% and total cumulative return in cash sums $137,991. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,752/mo property income rather than buyer’s personal income.
Multi Family
Built in 1926
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49506, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,282 (100%) |
| Owner Occupied HU | 9,333 (70.3%) |
| Renter Occupied HU | 3,352 (25.2%) |
| Vacant Housing Units | 597 ( 4.5%) |
| Median Home Value | $381,078 |
| Average Home Value | $459,706 |
Housing Distribution
Address Breakdown
Residential
12,765
Single Family
11,674
Multi-Family
1,091
Businesses
601
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Nearby investment properties with comparable prices
Listed by: Steven J Buck • Greenridge Realty (Cascade)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25055950
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.