940 Eastern Ave SEGrand RapidsMI49507
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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 940 Eastern Ave SE, Grand Rapids, MI, 49507 earns $53/mo cash flow from $1,899/mo rent with a $1,370/mo payment. Total monthly income totals $1,899/mo, and annual cash flow totals $638/yr on $92,787 capital. ROI tracks 20.6% on current figures, and rental yield reads 8.14% at a $279,900 purchase. Equity gained on principal adds $1,806/yr, and 5% annual appreciation supports $77,331 over five years. Five-year ROI reaches 107.09% and total cumulative return in cash sums $99,361. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,899/mo property income instead of your personal income.
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49507, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,654 (100%) |
| Owner Occupied HU | 8,476 (62.1%) |
| Renter Occupied HU | 4,606 (33.7%) |
| Vacant Housing Units | 572 ( 4.2%) |
| Median Home Value | $221,284 |
| Average Home Value | $243,171 |
Housing Distribution
Address Breakdown
Residential
12,903
Single Family
12,159
Multi-Family
744
Businesses
715
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Listed by: Quentin Collins • Greenridge Realty (Cascade)
Mls Name: MichRIC
Mls ID: #25049516