844 Veto St NWGrand RapidsMI49504
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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 844 Veto St NW, Grand Rapids, MI, 49504 at $264,900 posts ROI 18.17% with from $1,620/mo rent. Total monthly income equals $1,620/mo. Return on cash invested measures 18.17% and rental yield reads 7.34% at the current $264,900. Equity gained on principal adds $1,709/yr, and 5% annual appreciation supports $73,187 by year five. Five-year ROI prints 94.05% and total cumulative return in cash totals $82,592. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,620/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1900
3,920 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
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Listed by: Ricardo S Cottengim • Cody & Co.
Mls Name: MichRIC
Mls ID: #26001792