1402 N Ave Ne, Grand Rapids, MI, 49505 | $674/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 1402 N Ave Ne, Grand Rapids, MI, 49505 with 5% annual appreciation on a $360,000 basis while $3,048/mo rent supports operations. Total monthly income totals $3,048/mo and a $1,762/mo payment preserves $674/mo for cash returns. Annual cash flow comes to $8,088/yr on $119,340 deployed, and return on cash invested reaches 26.69% in year one. Equity gained on principal adds $2,323/yr, and five-year appreciation sums $99,461 alongside rental yield of 10.16%. Five-year ROI measures 139.71% and total cumulative return in cash totals $166,725.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,048/mo property income versus a $1,762/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Multi Family

Built in 1890

435.60 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