5605 Coit Ave NEGrand RapidsMI49525
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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 5605 Coit Ave NE, Grand Rapids, MI, 49525 uses $107,738 cash to close to unlock $2,766/yr annual cash flow and $231/mo monthly cash flow. Total monthly income runs $2,374/mo, and a $1,591/mo payment keeps the spread at $231/mo. Purchase price stands at $325,000, and rental yield measures 8.77% with $2,374/mo rent. Return on cash invested shows 22.48% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 117.15% and total cumulative return in cash records $126,217. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,374/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49525, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,066 (100%) |
| Owner Occupied HU | 9,697 (74.2%) |
| Renter Occupied HU | 2,961 (22.7%) |
| Vacant Housing Units | 408 ( 3.1%) |
| Median Home Value | $372,431 |
| Average Home Value | $442,492 |
Housing Distribution
Address Breakdown
Residential
12,785
Single Family
10,985
Multi-Family
1,800
Businesses
1,068
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Listed by: Kevin Allen • Keller Williams GR East
Mls Name: MichRIC
Mls ID: #25049495