811 Park St SWGrand 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
Investment property for sale in Grand Rapids at 811 Park St SW, Grand Rapids, MI, 49504 at $252,500 posts ROI 31.36% with $799/mo cash flow from $2,464/mo rent. Total monthly income equals $2,464/mo, and annual cash flow records $9,585/yr on $83,704 to close. Return on cash invested measures 31.36% and rental yield reads 11.71% at the current $252,500. Equity gained on principal adds $1,629/yr, and 5% annual appreciation supports $69,761 by year five. Five-year ROI prints 164.77% and total cumulative return in cash totals $137,919.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,464/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1890
6,534 sqft lot
$N/A/sqft
No 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: Mitchell D Luban • Edison Brokers & Co LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25022033
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.