1131 Fernridge Ave SE, Grand Rapids, MI, 49546 | 7.03% Rental Yield

For Sale

Ziffy Mortgage

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 1131 Fernridge Ave SE, Grand Rapids, MI, 49546 offers a 7.03% rental yield on a $379,000 purchase with $2,220/mo rent. 24% in year one. Equity gained on principal adds $2,446/yr while 5% annual appreciation supports $104,711 over five years. Portfolio math shows five-year ROI at 89.07% and total cumulative return in cash at $111,911. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,220/mo property income against a $1,855/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1987

0.60 Acres lot

$N/A/sqft

No HOA