1111 Walsh St SEGrand RapidsMI49507
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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
Investment Highlights
Investment property for sale in Grand Rapids at 1111 Walsh St SE, Grand Rapids, MI, 49507 offers a 10.33% rental yield on a $350,000 purchase with $3,014/mo rent. Total monthly income registers $3,014/mo, and a $1,713/mo payment leaves $706/mo available for distribution. Annual cash flow reaches $8,472/yr on $116,025 to close, and return on cash invested stands at 27.21% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 142.52% and total cumulative return in cash at $165,362. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,014/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1939
6,534 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 |
Housing Distribution
Address Breakdown
Residential
12,903
Single Family
12,159
Multi-Family
744
Businesses
715
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Listed by: Donna K Anders • Berkshire Hathaway HomeServices Michigan Real Estate (Main)
Mls Name: MichRIC
Mls ID: #26002618