1345 Ashland Ave NE, Grand Rapids, MI, 49505 | $129/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 1345 Ashland Ave NE, Grand Rapids, MI, 49505 uses $100,113 cash to close to unlock $1,543/yr annual cash flow and $129/mo monthly cash flow. Total monthly income runs $2,120/mo, and a $1,478/mo payment keeps the spread at $129/mo. Purchase price stands at $302,000, and rental yield measures 8.42% with $2,120/mo rent. Return on cash invested shows 21.45% in year one, and 5% annual appreciation builds toward $83,437 over five years. Five-year ROI reaches 111.65% and total cumulative return in cash records $111,772. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,120/mo property income covering a $1,478/mo payment rather than investor’s personal income.

Single Family

Built in 1950

4,356 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49505, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,709 (100%)
Owner Occupied HU	9,483 (64.5%)
Renter Occupied HU	4,578 (31.1%)
Vacant Housing Units	648 ( 4.4%)
Median Home Value	$281,170
Average Home Value	$311,704