6132 Division Ave S LOT 2295Grand 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
Rental property for sale in Grand Rapids at 6132 Division Ave S LOT 2295, Grand Rapids, MI, 49548 generates $3,872/mo in rent and, after a $822/mo payment, leaves $2,765/mo in cash flow. Total monthly income is $3,872/mo, and annual cash flow is $33,175/yr on $55,664 invested. Return on cash invested sits at 79.51% in year one, and rental yield is 27.67% on a $167,915 entry. Equity gained on principal adds $1,084/yr, while 5% annual appreciation builds toward $46,392 over five years. Five-year ROI reaches 423.02% and total cumulative return in cash sums $235,467. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,872/mo property income rather than buyer’s personal income.
Manufactured
Built in 2024
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: Scott Myhre • Preferred Homes
Mls Name: My State MLS
Mls ID: #11231416