683 Blue Ash Dr SE #94Grand 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 683 Blue Ash Dr SE #94, Grand Rapids, MI, 49548 earns $404/mo cash flow from $1,580/mo rent with a $660/mo payment. Total monthly income totals $1,580/mo, and annual cash flow totals $4,844/yr on $44,719 capital. ROI tracks 30.74% on current figures, and rental yield reads 14.05% at a $134,900 purchase. Equity gained on principal adds $870/yr, and 5% annual appreciation supports $37,270 over five years. Five-year ROI reaches 164.29% and total cumulative return in cash sums $73,469. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,580/mo property income instead of your personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$287 monthly 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: Lucas Howard • Keller Williams GR East
Mls Name: MichRIC
Mls Provider:
Mls ID: #25000313
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.