6619 Shoreside CtGrand RapidsMI49548
Nearby investment properties with comparable rents
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
Investment property for sale in Grand Rapids at 6619 Shoreside Ct, Grand Rapids, MI, 49548 uses $127,528 cash to close to unlock $7,584/yr annual cash flow and $632/mo monthly cash flow. Total monthly income runs $3,169/mo, and a $1,883/mo payment keeps the spread at $632/mo. Purchase price stands at $384,700, and rental yield measures 9.89% with $3,169/mo rent. Return on cash invested shows 25.86% in year one, and 5% annual appreciation builds toward $106,286 over five years. Five-year ROI reaches 135.31% and total cumulative return in cash records $172,560. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,169/mo property income covering a $1,883/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A