849 Maxwell Ave SEEast Grand 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
Rental property for sale in East Grand Rapids at 849 Maxwell Ave SE, East Grand Rapids, MI, 49506 priced at $695,000 converts $3,229/mo rent into after a $3,402/mo obligation. Total monthly income equals $3,229/mo. Return on cash invested prints 12.95% in year one, and rental yield reads 5.58% against a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation compiles into $192,016 by year five. Five-year ROI reaches 66.04% and total cumulative return in cash sums $151,002. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,229/mo property income covering a $3,402/mo payment, not borrower’s personal income.
Single Family
Built in 1941
0.25 Acres 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: Justin Tibble • NEXGEN Realty
Mls Name: Realcomp II
Mls ID: #20261003455