1169 Argo Ave SE,Grand Rapids,MI,49546

Investment Highlights

Investment property for sale in Grand Rapids at 1169 Argo Ave SE, Grand Rapids, MI, 49546 offers a 8.52% rental yield on a $425,000 purchase with $3,019/mo rent. Total monthly income registers $3,019/mo, and a $2,080/mo payment leaves $217/mo available for distribution. Annual cash flow reaches $2,598/yr on $140,888 to close, and return on cash invested stands at 21.75% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 113.27% and total cumulative return in cash at $159,581. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,019/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.