1133 Fountain St NE,Grand Rapids,MI,49503

Investment Highlights

Investment property for sale in Grand Rapids at 1133 Fountain St NE, Grand Rapids, MI, 49503 listed at $310,000 pairs $2,167/mo rent with a $1,517/mo payment to leave $123/mo cash flow. Total monthly income runs $2,167/mo, and annual cash flow reaches $1,476/yr on $102,765 cash to close. Return on cash invested measures 21.35% in year one, and rental yield registers 8.39% at a $310,000 basis. Equity gained on principal adds $2,000/yr, and annual property appreciation at 5% supports $85,647 by year five. Five-year ROI tracks 111.07% and total cumulative return in cash totals $114,139. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,167/mo property income relative to a $1,517/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).