1220 Lafayette Ave SEGrand RapidsMI49507
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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
Investment Highlights
Investment property for sale in Grand Rapids at 1220 Lafayette Ave SE, Grand Rapids, MI, 49507 listed at $239,900 pairs $1,686/mo rent with a $1,174/mo payment to leave $104/mo cash flow. Total monthly income runs $1,686/mo, and annual cash flow reaches $1,250/yr on $79,527 cash to close. Return on cash invested measures 21.48% in year one, and rental yield registers 8.43% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 111.85% and total cumulative return in cash totals $88,951. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,686/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1900
4,791 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 |
Housing Distribution
Address Breakdown
Residential
12,903
Single Family
12,159
Multi-Family
744
Businesses
715
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Listed by: Tyler Johnson • Clear Realty Group
Mls Name: MichRIC
Mls ID: #25053861