970 Santa Barbara Dr SEEast Grand RapidsMI49506
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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
Total monthly income runs $5,179/mo, and a $4,381/mo payment. Purchase price stands at $895,000, and rental yield measures 6.94% with $5,179/mo rent. Return on cash invested shows 17.11% in year one, and 5% annual appreciation builds toward $247,272 over five years. Five-year ROI reaches 88.35% and total cumulative return in cash records $260,138. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,179/mo property income covering a $4,381/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49506, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,282 (100%) |
| Owner Occupied HU | 9,333 (70.3%) |
| Renter Occupied HU | 3,352 (25.2%) |
| Vacant Housing Units | 597 ( 4.5%) |
| Median Home Value | $381,078 |
| Average Home Value | $459,706 |
Housing Distribution
Address Breakdown
Residential
12,765
Single Family
11,674
Multi-Family
1,091
Businesses
601
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Listed by: Katherine R Southwell • Keller Williams GR East
Mls Name: MichRIC
Mls ID: #25038298