5143 Southglow Ct SE #169Grand RapidsMI49508
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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 5143 Southglow Ct SE #169, Grand Rapids, MI, 49508 uses $46,377 cash to close to unlock $2,246/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $1,110/mo, and a $685/mo payment keeps the spread at $187/mo. Purchase price stands at $139,900, and rental yield measures 9.52% with $1,110/mo rent. Return on cash invested shows 24.75% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 129.46% and total cumulative return in cash records $60,039. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,110/mo property income covering a $685/mo payment rather than investor’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49508, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,271 (100%) |
| Owner Occupied HU | 10,323 (63.4%) |
| Renter Occupied HU | 5,488 (33.7%) |
| Vacant Housing Units | 460 ( 2.8%) |
| Median Home Value | $292,420 |
| Average Home Value | $312,786 |
Housing Distribution
Address Breakdown
Residential
16,167
Single Family
13,226
Multi-Family
2,941
Businesses
918
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Listed by: Dan Farkas • 1st Advantage Realty
Mls Name: MichRIC
Mls ID: #25060053