814 Harding St NWGrand RapidsMI49544
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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 814 Harding St NW, Grand Rapids, MI, 49544 generates $2,221/mo in rent and, after a $1,395/mo payment, leaves $342/mo in cash flow. Total monthly income is $2,221/mo, and annual cash flow is $4,098/yr on $94,478 invested. Return on cash invested sits at 24.25% in year one, and rental yield is 9.35% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 126.65% and total cumulative return in cash sums $119,658. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,221/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49544, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,014 (100%) |
| Owner Occupied HU | 2,165 (53.9%) |
| Renter Occupied HU | 1,749 (43.6%) |
| Vacant Housing Units | 100 ( 2.5%) |
| Median Home Value | $275,189 |
| Average Home Value | $287,192 |
Housing Distribution
Address Breakdown
Residential
4,003
Single Family
3,350
Multi-Family
653
Businesses
574
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Listed by: Steven J Harpe • J Harpe Realty LLC
Mls Name: MichRIC
Mls ID: #25036770