1331 Lafayette Ave SE, Grand Rapids, MI, 49507 | $242/mo Cash Flow

For Sale

Fix & Flip

Ziffy Mortgage

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 1331 Lafayette Ave SE, Grand Rapids, MI, 49507 uses $56,355 cash to close to unlock $2,904/yr annual cash flow and $242/mo monthly cash flow. Total monthly income runs $1,363/mo, and a $832/mo payment keeps the spread at $242/mo. Purchase price stands at $170,000, and rental yield measures 9.62% with $1,363/mo rent. Return on cash invested shows 25.06% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 130.99% and total cumulative return in cash records $73,821. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,363/mo property income covering a $832/mo payment rather than investor’s personal income.

Single Family

Built in 1910

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