5923 E Lyn Haven Dr SE #45Grand 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
Rental property for sale in Grand Rapids at 5923 E Lyn Haven Dr SE #45, Grand Rapids, MI, 49512 generates $2,790/mo in rent and, after a $1,269/mo payment, leaves $780/mo in cash flow. Total monthly income is $2,790/mo, and annual cash flow is $9,364/yr on $85,936 invested. Return on cash invested sits at 30.81% in year one, and rental yield is 12.92% on a $259,233 entry. Equity gained on principal adds $1,673/yr, while 5% annual appreciation builds toward $71,621 over five years. Five-year ROI reaches 163.37% and total cumulative return in cash sums $140,393. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,790/mo property income rather than buyer’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$300 monthly 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: Blake J Timmer • EXP Realty (Grand Rapids)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25026567
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.