60 Monroe Center St NW APT 8AGrand RapidsMI49503
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 60 Monroe Center St NW APT 8A, Grand Rapids, MI, 49503 priced at $399,999 pairs $2,773/mo rent with after a $1,958/mo payment. Total monthly income equals $2,773/mo. Return on cash invested is 15.14% in year one, and rental yield stands at 8.32% on a $399,999 basis. Equity gained on principal adds $2,581/yr, and 5% annual appreciation accumulates to $110,512 by year five. Five-year ROI measures 79.96% and total cumulative return in cash reaches $106,023. For financing, Ziffy Mortgage’s DSCR program evaluates $2,773/mo property income against a $1,958/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1915
N/A lot
$N/A/sqft
$662 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,238 (100%) |
| Owner Occupied HU | 7,149 (35.3%) |
| Renter Occupied HU | 11,464 (56.6%) |
| Vacant Housing Units | 1,625 ( 8.0%) |
| Median Home Value | $281,804 |
| Average Home Value | $332,147 |
Housing Distribution
Address Breakdown
Residential
18,278
Single Family
12,427
Multi-Family
5,851
Businesses
2,048
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Listed by: Lucas Howard • Keller Williams GR East
Mls Name: MichRIC
Mls Provider:
Mls ID: #25010818
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.