1017 Union Ave SE, Grand Rapids, MI, 49507 | $1,624/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Grand Rapids at 1017 Union Ave SE, Grand Rapids, MI, 49507 with 5% annual appreciation on a $214,900 basis while $3,041/mo rent supports operations. Total monthly income totals $3,041/mo and a $1,052/mo payment preserves $1,624/mo for cash returns. Annual cash flow comes to $19,484/yr on $71,239 deployed, and return on cash invested reaches 47.26% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,373 alongside rental yield of 16.98%. Five-year ROI measures 250.07% and total cumulative return in cash totals $178,146.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,041/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1920

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