1144 Lakeside Dr SE, East Grand Rapids, MI, 49506 | $250/mo Cash Flow

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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 East Grand Rapids at 1144 Lakeside Dr SE, East Grand Rapids, MI, 49506 with 5% annual appreciation on a $353,000 basis while $2,578/mo rent supports operations. Total monthly income totals $2,578/mo and a $1,728/mo payment preserves $250/mo for cash returns. Annual cash flow comes to $2,999/yr on $117,020 deployed, and return on cash invested reaches 22.47% in year one. Equity gained on principal adds $2,278/yr, and five-year appreciation sums $97,527 alongside rental yield of 8.76%. Five-year ROI measures 117.11% and total cumulative return in cash totals $137,036.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,578/mo property income versus a $1,728/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1950

5,662 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49506, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,282 (100%)
Owner Occupied HU	9,333 (70.3%)
Renter Occupied HU	3,352 (25.2%)
Vacant Housing Units	597 ( 4.5%)
Median Home Value	$381,078
Average Home Value	$459,706