1102 Spencer St NE, Grand Rapids, MI, 49505 | $442/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 1102 Spencer St NE, Grand Rapids, MI, 49505 listed at $280,000 pairs $2,288/mo rent with a $1,370/mo payment to leave $442/mo cash flow. Total monthly income runs $2,288/mo, and annual cash flow reaches $5,304/yr on $92,820 cash to close. Return on cash invested measures 25.62% in year one, and rental yield registers 9.81% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 134.01% and total cumulative return in cash totals $124,389. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,288/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1955

6,969 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49505, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,709 (100%)
Owner Occupied HU	9,483 (64.5%)
Renter Occupied HU	4,578 (31.1%)
Vacant Housing Units	648 ( 4.4%)
Median Home Value	$281,170
Average Home Value	$311,704