1215 Griswold St SE, Grand Rapids, MI, 49507 | $204/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 1215 Griswold St SE, Grand Rapids, MI, 49507 listed at $315,000 pairs $2,281/mo rent with a $1,542/mo payment to leave $204/mo cash flow. Total monthly income runs $2,281/mo, and annual cash flow reaches $2,442/yr on $104,423 cash to close. Return on cash invested measures 22.25% in year one, and rental yield registers 8.69% at a $315,000 basis. Equity gained on principal adds $2,033/yr, and annual property appreciation at 5% supports $87,029 by year five. Five-year ROI tracks 115.92% and total cumulative return in cash totals $121,049. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,281/mo property income relative to a $1,542/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1952

6,098 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49507, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,654 (100%)
Owner Occupied HU	8,476 (62.1%)
Renter Occupied HU	4,606 (33.7%)
Vacant Housing Units	572 ( 4.2%)
Median Home Value	$221,284
Average Home Value	$243,171