Parkside Design Plan, 2080 UnionGrand 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
Rental property for sale in Grand Rapids at Parkside Design Plan, 2080 Union, Grand Rapids, MI, 49507 priced at $240,750 pairs $3,535/mo rent with $1,923/mo cash flow after a $1,178/mo payment. Total monthly income equals $3,535/mo, and annual cash flow comes to $23,073/yr on $79,809 invested. Return on cash invested is 48.82% in year one, and rental yield stands at 17.62% on a $240,750 basis. Equity gained on principal adds $1,554/yr, and 5% annual appreciation accumulates to $66,515 by year five. Five-year ROI measures 258.54% and total cumulative return in cash reaches $206,338. For financing, Ziffy Mortgage’s DSCR program evaluates $3,535/mo property income against a $1,178/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$25 monthly 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: N/A • Dwelling Place Community Land Trust
Mls Name: Dwelling Place Community Land Trust
Mls Provider:
Mls ID: #N/A