5810 Thornapple River Dr SEGrand RapidsMI49512
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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 5810 Thornapple River Dr SE, Grand Rapids, MI, 49512 listed at $559,900 pairs $3,188/mo rent with a $2,740/mo payment. Total monthly income runs $3,188/mo. Return on cash invested measures 16.78% in year one, and rental yield registers 6.83% at a $559,900 basis. Equity gained on principal adds $3,613/yr, and annual property appreciation at 5% supports $154,690 by year five. Five-year ROI tracks 86.58% and total cumulative return in cash totals $159,478. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,188/mo property income relative to a $2,740/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2020
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49512, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,146 (100%) |
| Owner Occupied HU | 4,073 (44.5%) |
| Renter Occupied HU | 4,640 (50.7%) |
| Vacant Housing Units | 433 ( 4.7%) |
| Median Home Value | $320,719 |
| Average Home Value | $334,005 |
Housing Distribution
Address Breakdown
Residential
8,547
Single Family
4,842
Multi-Family
3,705
Businesses
1,603
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Listed by: Sara E Lewis • Century 21 Affiliated (GR)
Mls Name: MichRIC
Mls ID: #25053875