966 McCarty St NWGrand RapidsMI49544
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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 Grand Rapids at 966 McCarty St NW, Grand Rapids, MI, 49544 generates $2,242/mo in rent and, after a $1,101/mo payment, leaves $534/mo in cash flow. Total monthly income is $2,242/mo, and annual cash flow is $6,402/yr on $74,588 invested. Return on cash invested sits at 28.49% in year one, and rental yield is 11.96% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 150.74% and total cumulative return in cash sums $112,437. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,242/mo property income rather than buyer’s personal income.
Townhouse
Built in 1980
N/A lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49544, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,014 (100%) |
| Owner Occupied HU | 2,165 (53.9%) |
| Renter Occupied HU | 1,749 (43.6%) |
| Vacant Housing Units | 100 ( 2.5%) |
| Median Home Value | $275,189 |
| Average Home Value | $287,192 |
Housing Distribution
Address Breakdown
Residential
4,003
Single Family
3,350
Multi-Family
653
Businesses
574
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Listed by: Sarah Haremza • New Michigan Realty, LLC
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20251050096
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