5815 Division Ave SGrand RapidsMI49548
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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 5815 Division Ave S, Grand Rapids, MI, 49548 uses $49,891 cash to close to unlock $2,366/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $1,190/mo, and a $737/mo payment keeps the spread at $197/mo. Purchase price stands at $150,500, and rental yield measures 9.49% with $1,190/mo rent. Return on cash invested shows 24.65% in year one, and 5% annual appreciation builds toward $41,580 over five years. Five-year ROI reaches 128.91% and total cumulative return in cash records $64,315. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,190/mo property income covering a $737/mo payment rather than investor’s personal income.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49548, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,625 (100%) |
| Owner Occupied HU | 9,662 (70.9%) |
| Renter Occupied HU | 3,618 (26.6%) |
| Vacant Housing Units | 345 ( 2.5%) |
| Median Home Value | $202,210 |
| Average Home Value | $248,548 |
Housing Distribution
Address Breakdown
Residential
13,361
Single Family
12,642
Multi-Family
719
Businesses
1,284
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Listed by: David Mickel • Michigan Mobile Home Connection
Mls Name: My State MLS
Mls ID: #11516761