811 Fairmount St SEGrand RapidsMI49506
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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 811 Fairmount St SE, Grand Rapids, MI, 49506 with 5% annual appreciation on a $374,900 basis while $3,086/mo rent supports operations. Total monthly income totals $3,086/mo and a $1,835/mo payment preserves $614/mo for cash returns. Annual cash flow comes to $7,364/yr on $124,279 deployed, and return on cash invested reaches 25.83% in year one. Equity gained on principal adds $2,419/yr, and five-year appreciation sums $103,578 alongside rental yield of 9.88%. Five-year ROI measures 135.16% and total cumulative return in cash totals $167,971.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,086/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49506, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,282 (100%) |
| Owner Occupied HU | 9,333 (70.3%) |
| Renter Occupied HU | 3,352 (25.2%) |
| Vacant Housing Units | 597 ( 4.5%) |
| Median Home Value | $381,078 |
| Average Home Value | $459,706 |
Housing Distribution
Address Breakdown
Residential
12,765
Single Family
11,674
Multi-Family
1,091
Businesses
601
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Listed by: Ann M Vecziedins • Five Star Real Estate (Ada)
Mls Name: MichRIC
Mls ID: #25040834