149 Coleman St SE, Grand Rapids, MI, 49548 | $296/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

Rental property for sale in Grand Rapids at 149 Coleman St SE, Grand Rapids, MI, 49548 priced at $190,000 pairs $1,549/mo rent with $296/mo cash flow after a $930/mo payment. Total monthly income equals $1,549/mo, and annual cash flow comes to $3,552/yr on $62,985 invested. Return on cash invested is 25.55% in year one, and rental yield stands at 9.78% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 133.59% and total cumulative return in cash reaches $84,144. For financing, Ziffy Mortgage’s DSCR program evaluates $1,549/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1936

9,583 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49548, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,625 (100%)
Owner Occupied HU	9,662 (70.9%)
Renter Occupied HU	3,618 (26.6%)
Vacant Housing Units	345 ( 2.5%)
Median Home Value	$202,210
Average Home Value	$248,548