627 Fairview Ave NE #2Grand RapidsMI49503
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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 627 Fairview Ave NE #2, Grand Rapids, MI, 49503 listed at $465,000 pairs $3,427/mo rent with a $2,276/mo payment to leave $361/mo cash flow. Total monthly income runs $3,427/mo, and annual cash flow reaches $4,326/yr on $154,148 cash to close. Return on cash invested measures 22.72% in year one, and rental yield registers 8.84% at a $465,000 basis. Equity gained on principal adds $3,001/yr, and annual property appreciation at 5% supports $128,471 by year five. Five-year ROI tracks 118.44% and total cumulative return in cash totals $182,567. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,427/mo property income relative to a $2,276/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,238 (100%) |
| Owner Occupied HU | 7,149 (35.3%) |
| Renter Occupied HU | 11,464 (56.6%) |
| Vacant Housing Units | 1,625 ( 8.0%) |
| Median Home Value | $281,804 |
| Average Home Value | $332,147 |
Housing Distribution
Address Breakdown
Residential
18,278
Single Family
12,427
Multi-Family
5,851
Businesses
2,048
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Listed by: Eric M Finnigan • MOXIE Real Estate + Development
Mls Name: MichRIC
Mls ID: #25026935