1060 Myrtle St NW, Grand Rapids, MI, 49504 | $196/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 1060 Myrtle St NW, Grand Rapids, MI, 49504 listed at $227,000 pairs $1,693/mo rent with a $1,111/mo payment to leave $196/mo cash flow. Total monthly income runs $1,693/mo, and annual cash flow reaches $2,353/yr on $75,251 cash to close. Return on cash invested measures 23.04% in year one, and rental yield registers 8.95% at a $227,000 basis. Equity gained on principal adds $1,465/yr, and annual property appreciation at 5% supports $62,716 by year five. Five-year ROI tracks 120.21% and total cumulative return in cash totals $90,457. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,693/mo property income relative to a $1,111/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1949

3,484 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49504, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,664 (100%)
Owner Occupied HU	10,506 (56.3%)
Renter Occupied HU	7,008 (37.5%)
Vacant Housing Units	1,150 ( 6.2%)
Median Home Value	$258,759
Average Home Value	$284,959