647 Blue Ash Dr SE #118Grand 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 647 Blue Ash Dr SE #118, Grand Rapids, MI, 49548 uses $53,007 cash to close to unlock $5,354/yr annual cash flow and $446/mo monthly cash flow. Total monthly income runs $1,501/mo, and a $783/mo payment keeps the spread at $446/mo. Purchase price stands at $159,900, and rental yield measures 11.26% with $1,501/mo rent. Return on cash invested shows 30.01% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 157.62% and total cumulative return in cash records $83,550. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,501/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1973
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: Tad William DeGraaf • BHG Connections
Mls Name: MichRIC
Mls ID: #26000166