716 Lake Dr SEGrand RapidsMI49503
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 716 Lake Dr SE, Grand Rapids, MI, 49503 at $312,400 posts ROI 22.25% with $202/mo cash flow from $2,262/mo rent. Total monthly income equals $2,262/mo, and annual cash flow records $2,423/yr on $103,561 to close. Return on cash invested measures 22.25% and rental yield reads 8.69% at the current $312,400. Equity gained on principal adds $2,016/yr, and 5% annual appreciation supports $86,310 by year five. Five-year ROI prints 115.91% and total cumulative return in cash totals $120,041.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,262/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1900
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,238 (100%) |
| Owner Occupied HU | 7,149 (35.3%) |
| Renter Occupied HU | 11,464 (56.6%) |
| Vacant Housing Units | 1,625 ( 8.0%) |
| Median Home Value | $281,804 |
| Average Home Value | $332,147 |
Housing Distribution
Address Breakdown
Residential
18,278
Single Family
12,427
Multi-Family
5,851
Businesses
2,048
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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