143 Houseman Ave NE, Grand Rapids, MI, 49503 | $361/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 143 Houseman Ave NE, Grand Rapids, MI, 49503 generates $2,412/mo in rent and, after a $1,522/mo payment, leaves $361/mo in cash flow. Total monthly income is $2,412/mo, and annual cash flow is $4,336/yr on $103,097 invested. Return on cash invested sits at 24.11% in year one, and rental yield is 9.31% on a $311,000 entry. Equity gained on principal adds $2,007/yr, while 5% annual appreciation builds toward $85,924 over five years. Five-year ROI reaches 125.95% and total cumulative return in cash sums $129,849. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,412/mo property income rather than buyer’s personal income.

Single Family

Built in 1890

5,662 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,238 (100%)
Owner Occupied HU	7,149 (35.3%)
Renter Occupied HU	11,464 (56.6%)
Vacant Housing Units	1,625 ( 8.0%)
Median Home Value	$281,804
Average Home Value	$332,147