1556 Mullins Ave NWGrand RapidsMI49534
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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
Investment Highlights
Rental property for sale in Grand Rapids at 1556 Mullins Ave NW, Grand Rapids, MI, 49534 generates $2,114/mo in rent and, after a $1,023/mo payment, leaves $736/mo in cash flow. Total monthly income is $2,114/mo, and annual cash flow is $8,828/yr on $69,284 invested. Return on cash invested sits at 32.65% in year one, and rental yield is 12.14% on a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 171.73% and total cumulative return in cash sums $118,982. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,114/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.27 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Steven R VanWyck • Rise Realty Group
Mls Name: MichRIC
Mls ID: #25031566