1034 Merrifield St SEGrand 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 1034 Merrifield St SE, Grand Rapids, MI, 49507 generates $1,495/mo in rent and, after a $875/mo payment, leaves $316/mo in cash flow. Total monthly income is $1,495/mo, and annual cash flow is $3,791/yr on $59,291 invested. Return on cash invested sits at 26.3% in year one, and rental yield is 10.03% on a $178,857 entry. Equity gained on principal adds $1,154/yr, while 5% annual appreciation builds toward $49,415 over five years. Five-year ROI reaches 137.66% and total cumulative return in cash sums $81,618. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,495/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
5,227 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 |
Housing Distribution
Address Breakdown
Residential
12,903
Single Family
12,159
Multi-Family
744
Businesses
715
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Listed by: LaTonya R Perry • Clarity Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25000061
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.