543 Fairfield Ave NWGrand RapidsMI49504
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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 Grand Rapids at 543 Fairfield Ave NW, Grand Rapids, MI, 49504 priced at $279,000 converts $2,328/mo rent into $488/mo cash flow after a $1,366/mo obligation. Total monthly income equals $2,328/mo, and annual cash flow totals $5,852/yr on $92,489 invested. Return on cash invested prints 26.24% in year one, and rental yield reads 10.01% against a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,083 by year five. Five-year ROI reaches 137.3% and total cumulative return in cash sums $126,991. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,328/mo property income covering a $1,366/mo payment, not borrower’s personal income.
Single Family
Built in 1951
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49504, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,664 (100%) |
| Owner Occupied HU | 10,506 (56.3%) |
| Renter Occupied HU | 7,008 (37.5%) |
| Vacant Housing Units | 1,150 ( 6.2%) |
| Median Home Value | $258,759 |
| Average Home Value | $284,959 |
Housing Distribution
Address Breakdown
Residential
17,332
Single Family
14,985
Multi-Family
2,347
Businesses
891
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Listed by: Lisa Wiersma • Five Star Real Estate (Main)
Mls Name: MichRIC
Mls ID: #25054756