1005 Fountain St NE, Grand Rapids, MI, 49503 | $1,069/mo Cash Flow

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
1656 sft

6374 Clover Ln, Jenison, MI, 49428

4 Bed
2 Bath
1648 sft

185 Liberty St NW, Sparta, MI, 49345

3 Bed
3 Bath
1640 sft

7055 23rd Ave, Jenison, MI, 49428

3 Bed
2 Bath
1459 sft

Integrity 1460 Plan, White Pine Trails, Cedar Springs, MI, 49319

Nearby investment properties with comparable prices

2 Bed
2 Bath
1205 sft

2912 S Wentward Ct, Hudsonville, MI, 49426

2 Bed
2 Bath
1712 sft

2825 Bridgeside Dr SE, Caledonia, MI, 49316

2 Bed
2 Bath
1152 sft

1225 Dorroll St NE, Grand Rapids, MI, 49505

3 Bed
2 Bath
1735 sft

445 Pine Vista St SE, Kentwood, MI, 49548

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Grand Rapids at 1005 Fountain St NE, Grand Rapids, MI, 49503 offers $3,146/mo rent that, after a $1,542/mo payment, leaves $1,069/mo cash flow. Total monthly income is $3,146/mo, and annual cash flow is $12,822/yr on $104,423 cash. Return on cash invested measures 32.19% in year one, and rental yield stands at 11.98% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 169.23% and total cumulative return in cash reaches $176,717. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,146/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1925

4,791 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,238 (100%)
Owner Occupied HU	7,149 (35.3%)
Renter Occupied HU	11,464 (56.6%)
Vacant Housing Units	1,625 ( 8.0%)
Median Home Value	$281,804
Average Home Value	$332,147