1155 Hermitage St SE, Grand Rapids, MI, 49506 | $1,950/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 Grand Rapids at 1155 Hermitage St SE, Grand Rapids, MI, 49506 at $259,900 posts ROI 47.07% with $1,950/mo cash flow from $3,664/mo rent. Total monthly income equals $3,664/mo, and annual cash flow records $23,402/yr on $86,157 to close. Return on cash invested measures 47.07% and rental yield reads 16.92% at the current $259,900. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 by year five. Five-year ROI prints 249.07% and total cumulative return in cash totals $214,594.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,664/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1900

4,356 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