600 Douglas St NW #620BGrand RapidsMI49504
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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 600 Douglas St NW #620B, Grand Rapids, MI, 49504 offers a 9.55% rental yield on a $199,000 purchase with $1,584/mo rent. Total monthly income registers $1,584/mo, and a $974/mo payment leaves $272/mo available for distribution. Annual cash flow reaches $3,260/yr on $65,969 to close, and return on cash invested stands at 24.85% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 129.89% and total cumulative return in cash at $85,686. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,584/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2014
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49504, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,664 (100%) |
| Owner Occupied HU | 10,506 (56.3%) |
| Renter Occupied HU | 7,008 (37.5%) |
| Vacant Housing Units | 1,150 ( 6.2%) |
| Median Home Value | $258,759 |
| Average Home Value | $284,959 |
Housing Distribution
Address Breakdown
Residential
17,332
Single Family
14,985
Multi-Family
2,347
Businesses
891
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Listed by: Ryan Ogle • EXP Realty (Grand Rapids)
Mls Name: MichRIC
Mls ID: #25061257