1117 Martin Luther King Jr 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 1117 Martin Luther King Jr St SE, Grand Rapids, MI, 49507 uses $59,670 cash to close to unlock $8,712/yr annual cash flow and $726/mo monthly cash flow. Total monthly income runs $1,913/mo, and a $881/mo payment keeps the spread at $726/mo. Purchase price stands at $180,000, and rental yield measures 12.75% with $1,913/mo rent. Return on cash invested shows 34.51% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 181.65% and total cumulative return in cash records $108,389. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,913/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1940
5,662 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: Rhiannon McCalmont • Amplified Real Estate
Mls Name: MichRIC
Mls ID: #26001118