919 Andover Ct SE #38Grand RapidsMI49508
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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 919 Andover Ct SE #38, Grand Rapids, MI, 49508 earns $660/mo cash flow from $1,715/mo rent with a $783/mo payment. Total monthly income totals $1,715/mo, and annual cash flow totals $7,922/yr on $53,007 capital. ROI tracks 34.85% on current figures, and rental yield reads 12.87% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 183.59% and total cumulative return in cash sums $97,314. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,715/mo property income instead of your personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No 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: Julie Grevengoed • Clarity Realty LLC
Mls Name: MichRIC
Mls ID: #25048288