1100 Hovey St SW, Grand Rapids, MI, 49504 | $102/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

Rental property for sale in Grand Rapids at 1100 Hovey St SW, Grand Rapids, MI, 49504 priced at $289,900 converts $2,014/mo rent into $102/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,014/mo, and annual cash flow totals $1,226/yr on $96,102 invested. Return on cash invested prints 21.18% in year one, and rental yield reads 8.34% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 110.24% and total cumulative return in cash sums $105,945. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,014/mo property income covering a $1,419/mo payment, not borrower’s personal income.

Single Family

Built in 1900

4,791 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