111 Fair St SE, Grand Rapids, MI, 49507 | $1,088/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

Rental property for sale in Grand Rapids at 111 Fair St SE, Grand Rapids, MI, 49507 priced at $166,000 converts $2,182/mo rent into $1,088/mo cash flow after a $812/mo obligation. Total monthly income equals $2,182/mo, and annual cash flow totals $13,054/yr on $55,029 invested. Return on cash invested prints 43.63% in year one, and rental yield reads 15.77% against a $166,000 entry. Equity gained on principal adds $1,071/yr, while 5% annual appreciation compiles into $45,863 by year five. Five-year ROI reaches 230.56% and total cumulative return in cash sums $126,877. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,182/mo property income covering a $812/mo payment, not borrower’s personal income.

Single Family

Built in 1910

3,920 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