850 3rd 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 850 3rd St NW, Grand Rapids, MI, 49504 with 5% annual appreciation on a $189,230 basis while $1,858/mo rent supports operations. Total monthly income totals $1,858/mo and a $926/mo payment preserves $610/mo for cash returns. Annual cash flow comes to $7,324/yr on $62,730 deployed, and return on cash invested reaches 31.58% in year one. Equity gained on principal adds $1,221/yr, and five-year appreciation sums $52,281 alongside rental yield of 11.78%. Five-year ROI measures 166.02% and total cumulative return in cash totals $104,147.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,858/mo property income versus a $926/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1890
1,742 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: LaTonya R Perry • Clarity Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25000062
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.