931 Frederick Ave 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 931 Frederick Ave NW, Grand Rapids, MI, 49504 uses $76,245 cash to close to unlock $3,984/yr annual cash flow and $332/mo monthly cash flow. Total monthly income runs $1,849/mo, and a $1,126/mo payment keeps the spread at $332/mo. Purchase price stands at $230,000, and rental yield measures 9.65% with $1,849/mo rent. Return on cash invested shows 25.13% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 131.4% and total cumulative return in cash records $100,183. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,849/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1950
5,227 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: Kimberly D Mulder • Elan Realty Lakeshore
Mls Name: MichRIC
Mls ID: #25052596