6164 SkiptonGrand 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 6164 Skipton, Grand Rapids, MI, 49548 uses $49,029 cash to close to unlock $19,975/yr annual cash flow and $1,665/mo monthly cash flow. Total monthly income runs $2,640/mo, and a $724/mo payment keeps the spread at $1,665/mo. Purchase price stands at $147,900, and rental yield measures 21.42% with $2,640/mo rent. Return on cash invested shows 60.65% in year one, and 5% annual appreciation builds toward $40,862 over five years. Five-year ROI reaches 321.86% and total cumulative return in cash records $157,807. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $724/mo payment rather than investor’s personal income.
Manufactured
Built in 2025
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: N/A • N/A
Mls Name: Yes! Communities
Mls ID: #N/A