1500 Leonard St NW, Grand Rapids, MI, 49534 | $139/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 1500 Leonard St NW, Grand Rapids, MI, 49534 offers $2,315/mo rent that, after a $1,615/mo payment, leaves $139/mo cash flow. Total monthly income is $2,315/mo, and annual cash flow is $1,668/yr on $109,395 cash. Return on cash invested measures 21.43% in year one, and rental yield stands at 8.42% at a $330,000 entry. Equity gained on principal adds $2,129/yr while 5% annual appreciation compounds into $91,173 by year five. Five-year ROI records 111.55% and total cumulative return in cash reaches $122,027. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,315/mo property income versus a $1,615/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1949

0.95 Acres lot

$N/A/sqft

No HOA