6132 Division Ave S LOT 2296Grand 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 6132 Division Ave S LOT 2296, Grand Rapids, MI, 49548 listed at $139,908 pairs $1,102/mo rent with a $685/mo payment to leave $179/mo cash flow. Total monthly income runs $1,102/mo, and annual cash flow reaches $2,150/yr on $46,380 cash to close. Return on cash invested measures 24.54% in year one, and rental yield registers 9.45% at a $139,908 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,654 by year five. Five-year ROI tracks 128.34% and total cumulative return in cash totals $59,525. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,102/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2023
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: #11266062