1558 Lake Grove Ave SE, East Grand Rapids, MI, 49506 | $699/mo Cash Flow

For Sale

Ziffy Mortgage

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 East Grand Rapids at 1558 Lake Grove Ave SE, East Grand Rapids, MI, 49506 listed at $359,900 pairs $3,073/mo rent with a $1,762/mo payment to leave $699/mo cash flow. Total monthly income runs $3,073/mo, and annual cash flow reaches $8,390/yr on $119,307 cash to close. Return on cash invested measures 26.94% in year one, and rental yield registers 10.25% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 141.12% and total cumulative return in cash totals $168,362. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,073/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1951

7,405 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49506, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,282 (100%)
Owner Occupied HU	9,333 (70.3%)
Renter Occupied HU	3,352 (25.2%)
Vacant Housing Units	597 ( 4.5%)
Median Home Value	$381,078
Average Home Value	$459,706