1040 Ada Place Dr SE #7, Grand Rapids, MI, 49546 | $361/mo Cash Flow

For Sale

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

Investment property for sale in Grand Rapids at 1040 Ada Place Dr SE #7, Grand Rapids, MI, 49546 listed at $295,000 pairs $2,306/mo rent with a $1,444/mo payment to leave $361/mo cash flow. Total monthly income runs $2,306/mo, and annual cash flow reaches $4,326/yr on $97,793 cash to close. Return on cash invested measures 24.33% in year one, and rental yield registers 9.38% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 127.12% and total cumulative return in cash totals $124,310. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,306/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1996

N/A lot

$N/A/sqft

No HOA