5262 Palmair Dr SWGrandvilleMI49418
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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
Rental property for sale in Grandville at 5262 Palmair Dr SW, Grandville, MI, 49418 priced at $465,000 pairs $2,771/mo rent with after a $2,276/mo payment. Total monthly income equals $2,771/mo. Return on cash invested is 17.61% in year one, and rental yield stands at 7.15% on a $465,000 basis. Equity gained on principal adds $3,001/yr, and 5% annual appreciation accumulates to $128,471 by year five. Five-year ROI measures 91.04% and total cumulative return in cash reaches $140,339. For financing, Ziffy Mortgage’s DSCR program evaluates $2,771/mo property income against a $2,276/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1994
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49418, Grandville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,599 (100%) |
| Owner Occupied HU | 9,108 (67.0%) |
| Renter Occupied HU | 3,710 (27.3%) |
| Vacant Housing Units | 781 ( 5.7%) |
| Median Home Value | $339,505 |
| Average Home Value | $383,744 |
Housing Distribution
Address Breakdown
Residential
13,158
Single Family
12,047
Multi-Family
1,111
Businesses
1,101
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Listed by: Doug F Takens • Independence Realty (Main)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25016797
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.