1040 Alexander St SE, Grand Rapids, MI, 49507 | $507/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 Alexander St SE, Grand Rapids, MI, 49507 offers a 10.56% rental yield on a $229,900 purchase with $2,023/mo rent. Total monthly income registers $2,023/mo, and a $1,125/mo payment leaves $507/mo available for distribution. Annual cash flow reaches $6,086/yr on $76,212 to close, and return on cash invested stands at 27.89% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,517 over five years. Portfolio math shows five-year ROI at 146.24% and total cumulative return in cash at $111,455. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,023/mo property income against a $1,125/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1920

3,484 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