713 60th St SEKentwoodMI49548
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 Kentwood at 713 60th St SE, Kentwood, MI, 49548 earns $667/mo cash flow from $2,036/mo rent with a $1,016/mo payment. Total monthly income totals $2,036/mo, and annual cash flow totals $8,007/yr on $68,786 capital. ROI tracks 31.55% on current figures, and rental yield reads 11.77% at a $207,500 purchase. Equity gained on principal adds $1,339/yr, and 5% annual appreciation supports $57,328 over five years. Five-year ROI reaches 165.83% and total cumulative return in cash sums $114,071. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,036/mo property income instead of your personal income.
Condo
Built in 1987
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