509 Tuttle Ave NEGrand RapidsMI49503
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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 Tuttle Ave NE, Grand Rapids, MI, 49503 uses $104,091 cash to close to unlock $8,582/yr annual cash flow and $715/mo monthly cash flow. Total monthly income runs $2,786/mo, and a $1,537/mo payment keeps the spread at $715/mo. Purchase price stands at $314,000, and rental yield measures 10.65% with $2,786/mo rent. Return on cash invested shows 28.15% in year one, and 5% annual appreciation builds toward $86,752 over five years. Five-year ROI reaches 147.62% and total cumulative return in cash records $153,663. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,786/mo property income covering a $1,537/mo payment rather than investor’s personal income.
Single Family
Built in 1960
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,238 (100%) |
| Owner Occupied HU | 7,149 (35.3%) |
| Renter Occupied HU | 11,464 (56.6%) |
| Vacant Housing Units | 1,625 ( 8.0%) |
| Median Home Value | $281,804 |
| Average Home Value | $332,147 |
Housing Distribution
Address Breakdown
Residential
18,278
Single Family
12,427
Multi-Family
5,851
Businesses
2,048
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Listed by: Mary B Smith • Choice Realty LLC
Mls Name: MichRIC
Mls ID: #25042308