1308 Dunham St SE, Grand Rapids, MI, 49506 | $757/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 1308 Dunham St SE, Grand Rapids, MI, 49506 uses $88,511 cash to close to unlock $9,085/yr annual cash flow and $757/mo monthly cash flow. Total monthly income runs $2,518/mo, and a $1,307/mo payment keeps the spread at $757/mo. Purchase price stands at $267,000, and rental yield measures 11.32% with $2,518/mo rent. Return on cash invested shows 30.17% in year one, and 5% annual appreciation builds toward $73,767 over five years. Five-year ROI reaches 158.46% and total cumulative return in cash records $140,251. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,518/mo property income covering a $1,307/mo payment rather than investor’s personal income.

Single Family

Built in 1941

7,405 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