6260 SandownGrand RapidsMI49548
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Nearby investment properties with comparable prices
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 6260 Sandown, Grand Rapids, MI, 49548 priced at $120,499 pairs $954/mo rent with $159/mo cash flow after a $590/mo payment. Total monthly income equals $954/mo, and annual cash flow comes to $1,910/yr on $39,945 invested. Return on cash invested is 24.69% in year one, and rental yield stands at 9.5% on a $120,499 basis. Equity gained on principal adds $778/yr, and 5% annual appreciation accumulates to $33,292 by year five. Five-year ROI measures 129.14% and total cumulative return in cash reaches $51,584. For financing, Ziffy Mortgage’s DSCR program evaluates $954/mo property income against a $590/mo payment instead of your W2s, 1099s, or Tax returns.
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: N/A • YES!Communities
Mls Name: Yes! Communities
Mls ID: #N/A