6132 Division Ave S LOT M247Grand 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 M247, Grand Rapids, MI, 49548 offers a 25.8% rental yield on a $178,139 purchase with $3,830/mo rent. Total monthly income registers $3,830/mo, and a $872/mo payment leaves $2,655/mo available for distribution. Annual cash flow reaches $31,862/yr on $59,053 to close, and return on cash invested stands at 73.86% in year one. Equity gained on principal adds $1,150/yr while 5% annual appreciation supports $49,217 over five years. Portfolio math shows five-year ROI at 392.77% and total cumulative return in cash at $231,944. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,830/mo property income against a $872/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2022
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: #11234564