509 Diamond Ave SEGrand RapidsMI49506
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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 509 Diamond Ave SE, Grand Rapids, MI, 49506 with 5% annual appreciation on a $229,900 basis while $2,174/mo rent supports operations. Total monthly income totals $2,174/mo and a $1,125/mo payment preserves $658/mo for cash returns. Annual cash flow comes to $7,898/yr on $76,212 deployed, and return on cash invested reaches 30.27% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,517 alongside rental yield of 11.35%. Five-year ROI measures 159% and total cumulative return in cash totals $121,175.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,174/mo property income versus a $1,125/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
2,613 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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Listed by: Liz Rhoda • Liz Rhoda & Co
Mls Name: MichRIC
Mls ID: #25046461