6667 60th St SEGrand RapidsMI49512
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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 6667 60th St SE, Grand Rapids, MI, 49512 earns $567/mo cash flow from $4,622/mo rent with a $3,010/mo payment. Total monthly income totals $4,622/mo, and annual cash flow totals $6,798/yr on $202,335 capital. ROI tracks 23.42% on current figures, and rental yield reads 9.02% at a $615,000 purchase. Equity gained on principal adds $3,969/yr, and 5% annual appreciation supports $169,913 over five years. Five-year ROI reaches 122.18% and total cumulative return in cash sums $247,205. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,622/mo property income instead of your personal income.
Single Family
Built in 1975
4.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49512, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,146 (100%) |
| Owner Occupied HU | 4,073 (44.5%) |
| Renter Occupied HU | 4,640 (50.7%) |
| Vacant Housing Units | 433 ( 4.7%) |
| Median Home Value | $320,719 |
| Average Home Value | $334,005 |
Housing Distribution
Address Breakdown
Residential
8,547
Single Family
4,842
Multi-Family
3,705
Businesses
1,603
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Listed by: Micah Childress • Five Star Real Estate (Grandv)
Mls Name: MichRIC
Mls ID: #26000875