6596 Fruit Ridge Ave NWGrand RapidsMI49544
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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 6596 Fruit Ridge Ave NW, Grand Rapids, MI, 49544 uses $89,505 cash to close to unlock $6,048/yr annual cash flow and $504/mo monthly cash flow. Total monthly income runs $2,285/mo, and a $1,322/mo payment keeps the spread at $504/mo. Purchase price stands at $270,000, and rental yield measures 10.16% with $2,285/mo rent. Return on cash invested shows 26.67% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 139.6% and total cumulative return in cash records $124,945. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,285/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1935
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49544, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,014 (100%) |
| Owner Occupied HU | 2,165 (53.9%) |
| Renter Occupied HU | 1,749 (43.6%) |
| Vacant Housing Units | 100 ( 2.5%) |
| Median Home Value | $275,189 |
| Average Home Value | $287,192 |
Housing Distribution
Address Breakdown
Residential
4,003
Single Family
3,350
Multi-Family
653
Businesses
574
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Listed by: Justin Glover • RE/MAX of Grand Rapids (Stndl)
Mls Name: MichRIC
Mls ID: #25050063