1447 N Saxony Dr SE, Grand Rapids, MI, 49508 | $74/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 1447 N Saxony Dr SE, Grand Rapids, MI, 49508 offers a 9.81% rental yield on a $248,500 purchase with $2,032/mo rent. Total monthly income registers $2,032/mo, and a $1,216/mo payment leaves $74/mo available for distribution. Annual cash flow reaches $883/yr on $82,378 to close, and return on cash invested stands at 20.98% in year one. Equity gained on principal adds $1,604/yr while 5% annual appreciation supports $68,656 over five years. Portfolio math shows five-year ROI at 110.83% and total cumulative return in cash at $91,303. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,032/mo property income against a $1,216/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1968

N/A lot

$N/A/sqft

$320 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49508, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,271 (100%)
Owner Occupied HU	10,323 (63.4%)
Renter Occupied HU	5,488 (33.7%)
Vacant Housing Units	460 ( 2.8%)
Median Home Value	$292,420
Average Home Value	$312,786