1030 Eastern Ave SE, Grand Rapids, MI, 49507 | $642/mo Cash Flow

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Ziffy Mortgage

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

Rental property for sale in Grand Rapids at 1030 Eastern Ave SE, Grand Rapids, MI, 49507 priced at $191,000 converts $1,902/mo rent into $642/mo cash flow after a $935/mo obligation. Total monthly income equals $1,902/mo, and annual cash flow totals $7,708/yr on $63,317 invested. Return on cash invested prints 32.08% in year one, and rental yield reads 11.95% against a $191,000 entry. Equity gained on principal adds $1,232/yr, while 5% annual appreciation compiles into $52,770 by year five. Five-year ROI reaches 168.72% and total cumulative return in cash sums $106,826. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,902/mo property income covering a $935/mo payment, not borrower’s personal income.

Multi Family

Built in 1890

6,534 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