812 Sheldon Ave SEGrand rapidsMI49507
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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
Rental property for sale in Grand rapids at 812 Sheldon Ave SE, Grand rapids, MI, 49507 priced at $190,000 converts $1,466/mo rent into $213/mo cash flow after a $930/mo obligation. Total monthly income equals $1,466/mo, and annual cash flow totals $2,556/yr on $62,985 invested. Return on cash invested prints 23.97% in year one, and rental yield reads 9.26% against a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation compiles into $52,494 by year five. Five-year ROI reaches 125.1% and total cumulative return in cash sums $78,792. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,466/mo property income covering a $930/mo payment, not borrower’s personal income.
Single Family
Built in 1885
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49507, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,654 (100%) |
| Owner Occupied HU | 8,476 (62.1%) |
| Renter Occupied HU | 4,606 (33.7%) |
| Vacant Housing Units | 572 ( 4.2%) |
| Median Home Value | $221,284 |
| Average Home Value | $243,171 |
Housing Distribution
Address Breakdown
Residential
12,903
Single Family
12,159
Multi-Family
744
Businesses
715
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Listed by: Robert A Novosad • Novosad Realty Partners
Mls Name: MichRIC
Mls ID: #25035999