553 Lovett Ave SEGrand RapidsMI49506
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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 553 Lovett Ave SE, Grand Rapids, MI, 49506 at $1,599,000 posts ROI 7.77% with from $5,106/mo rent. Total monthly income equals $5,106/mo. Return on cash invested measures 7.77% and rental yield reads 3.83% at the current $1,599,000. Equity gained on principal adds $10,318/yr, and 5% annual appreciation supports $441,774 by year five. Five-year ROI prints 38.21% and total cumulative return in cash totals $197,953. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,106/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2016
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49506, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,282 (100%) |
| Owner Occupied HU | 9,333 (70.3%) |
| Renter Occupied HU | 3,352 (25.2%) |
| Vacant Housing Units | 597 ( 4.5%) |
| Median Home Value | $381,078 |
| Average Home Value | $459,706 |
Housing Distribution
Address Breakdown
Residential
12,765
Single Family
11,674
Multi-Family
1,091
Businesses
601
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Nearby investment properties with comparable prices
Listed by: Jane (Mary) McCarthy • Greenridge Realty (EGR)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25031256
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.