5349 Christie Ave SEKentwoodMI49508
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
Investment property for sale in Kentwood at 5349 Christie Ave SE, Kentwood, MI, 49508 uses $115,992 cash to close to unlock $2,666/yr annual cash flow and $222/mo monthly cash flow. Total monthly income runs $2,530/mo, and a $1,713/mo payment keeps the spread at $222/mo. Purchase price stands at $349,900, and rental yield measures 8.68% with $2,530/mo rent. Return on cash invested shows 22.21% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 115.73% and total cumulative return in cash records $134,238. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,530/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.30 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices