12 Richards Ave NW, Grand Rapids, MI, 49504 | $893/mo Cash Flow

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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

Rental property for sale in Grand Rapids at 12 Richards Ave NW, Grand Rapids, MI, 49504 priced at $306,000 pairs $2,911/mo rent with $893/mo cash flow after a $1,498/mo payment. Total monthly income equals $2,911/mo, and annual cash flow comes to $10,714/yr on $101,439 invested. Return on cash invested is 30.47% in year one, and rental yield stands at 11.42% on a $306,000 basis. Equity gained on principal adds $1,975/yr, and 5% annual appreciation accumulates to $84,542 by year five. Five-year ROI measures 160% and total cumulative return in cash reaches $162,300. For financing, Ziffy Mortgage’s DSCR program evaluates $2,911/mo property income against a $1,498/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1930

3,484 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49504, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,664 (100%)
Owner Occupied HU	10,506 (56.3%)
Renter Occupied HU	7,008 (37.5%)
Vacant Housing Units	1,150 ( 6.2%)
Median Home Value	$258,759
Average Home Value	$284,959