884 Andover Ct SEKentwoodMI49508
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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 Kentwood at 884 Andover Ct SE, Kentwood, MI, 49508 priced at $157,000 pairs $1,694/mo rent with $429/mo cash flow after a $768/mo payment. Total monthly income equals $1,694/mo, and annual cash flow comes to $5,149/yr on $52,046 invested. Return on cash invested is 29.8% in year one, and rental yield stands at 12.95% on a $157,000 basis. Equity gained on principal adds $1,013/yr, and 5% annual appreciation accumulates to $43,376 by year five. Five-year ROI measures 158.44% and total cumulative return in cash reaches $82,460. For financing, Ziffy Mortgage’s DSCR program evaluates $1,694/mo property income against a $768/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1976
N/A lot
$N/A/sqft
$230 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49508, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,271 (100%) |
| Owner Occupied HU | 10,323 (63.4%) |
| Renter Occupied HU | 5,488 (33.7%) |
| Vacant Housing Units | 460 ( 2.8%) |
| Median Home Value | $292,420 |
| Average Home Value | $312,786 |
Housing Distribution
Address Breakdown
Residential
16,167
Single Family
13,226
Multi-Family
2,941
Businesses
918
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Listed by: Nicole Ann Reimer • EXIT Realty Home Partners
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #288611
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS