1362 Leonard St NW, Grand Rapids, MI, 49504 | $1,258/mo Cash Flow

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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

Rental property for sale in Grand Rapids at 1362 Leonard St NW, Grand Rapids, MI, 49504 priced at $234,900 pairs $2,807/mo rent with $1,258/mo cash flow after a $1,150/mo payment. Total monthly income equals $2,807/mo, and annual cash flow comes to $15,092/yr on $77,869 invested. Return on cash invested is 39.29% in year one, and rental yield stands at 14.34% on a $234,900 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,899 by year five. Five-year ROI measures 207.31% and total cumulative return in cash reaches $161,433. For financing, Ziffy Mortgage’s DSCR program evaluates $2,807/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1880

8,276 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49504, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,664 (100%)
Owner Occupied HU	10,506 (56.3%)
Renter Occupied HU	7,008 (37.5%)
Vacant Housing Units	1,150 ( 6.2%)
Median Home Value	$258,759
Average Home Value	$284,959