922 Burton St SWWyomingMI49509
Nearby investment properties with comparable rents
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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 Wyoming at 922 Burton St SW, Wyoming, MI, 49509 offers $1,810/mo rent that, after a $1,301/mo payment, leaves $57/mo cash flow. Total monthly income is $1,810/mo, and annual cash flow is $684/yr on $88,146 cash. Return on cash invested measures 20.68% in year one, and rental yield stands at 8.17% at a $265,900 entry. Equity gained on principal adds $1,716/yr while 5% annual appreciation compounds into $73,463 by year five. Five-year ROI records 107.52% and total cumulative return in cash reaches $94,774. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,810/mo property income versus a $1,301/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49509, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,584 (100%) |
| Owner Occupied HU | 7,689 (72.6%) |
| Renter Occupied HU | 2,668 (25.2%) |
| Vacant Housing Units | 227 ( 2.1%) |
| Median Home Value | $207,897 |
| Average Home Value | $239,716 |
Housing Distribution
Address Breakdown
Residential
10,959
Single Family
9,829
Multi-Family
1,130
Businesses
782
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