67 Skyline Cir NWGrand RapidsMI49504
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
Rental property for sale in Grand Rapids at 67 Skyline Cir NW, Grand Rapids, MI, 49504 priced at $295,000 converts $1,560/mo rent into after a $1,444/mo obligation. Total monthly income equals $1,560/mo. Return on cash invested prints 9.47% in year one, and rental yield reads 6.35% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 49.5% and total cumulative return in cash sums $48,410. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$465 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49504, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,664 (100%) |
| Owner Occupied HU | 10,506 (56.3%) |
| Renter Occupied HU | 7,008 (37.5%) |
| Vacant Housing Units | 1,150 ( 6.2%) |
| Median Home Value | $258,759 |
| Average Home Value | $284,959 |
Housing Distribution
Address Breakdown
Residential
17,332
Single Family
14,985
Multi-Family
2,347
Businesses
891
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David A Streeter • Outshine Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25004904
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.