1118 Fulton St EGrand RapidsMI49503
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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 1118 Fulton St E, Grand Rapids, MI, 49503 uses $79,527 cash to close to unlock $6,530/yr annual cash flow and $544/mo monthly cash flow. Total monthly income runs $2,126/mo, and a $1,174/mo payment keeps the spread at $544/mo. Purchase price stands at $239,900, and rental yield measures 10.63% with $2,126/mo rent. Return on cash invested shows 28.12% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 147.45% and total cumulative return in cash records $117,259. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,126/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1895
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,238 (100%) |
| Owner Occupied HU | 7,149 (35.3%) |
| Renter Occupied HU | 11,464 (56.6%) |
| Vacant Housing Units | 1,625 ( 8.0%) |
| Median Home Value | $281,804 |
| Average Home Value | $332,147 |
Housing Distribution
Address Breakdown
Residential
18,278
Single Family
12,427
Multi-Family
5,851
Businesses
2,048
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Listed by: Cynthia M Schneider • BP Realty
Mls Name: MichRIC
Mls ID: #25060047