1521 Mullins Ave NW, Grand Rapids, MI, 49534 | $772/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 1521 Mullins Ave NW, Grand Rapids, MI, 49534 offers a 10.81% rental yield on a $320,000 purchase with $2,882/mo rent. Total monthly income registers $2,882/mo, and a $1,566/mo payment leaves $772/mo available for distribution. Annual cash flow reaches $9,264/yr on $106,080 to close, and return on cash invested stands at 28.64% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 150.18% and total cumulative return in cash at $159,315. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,882/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1955

0.33 Acres lot

$N/A/sqft

No HOA