1811 Prospect Ave SE, Grand Rapids, MI, 49507 | $950/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 1811 Prospect Ave SE, Grand Rapids, MI, 49507 priced at $199,900 converts $2,268/mo rent into $950/mo cash flow after a $978/mo obligation. Total monthly income equals $2,268/mo, and annual cash flow totals $11,402/yr on $66,267 invested. Return on cash invested prints 37.12% in year one, and rental yield reads 13.61% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 195.72% and total cumulative return in cash sums $129,697. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,268/mo property income covering a $978/mo payment, not borrower’s personal income.

Single Family

Built in 1921

3,484 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49507, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,654 (100%)
Owner Occupied HU	8,476 (62.1%)
Renter Occupied HU	4,606 (33.7%)
Vacant Housing Units	572 ( 4.2%)
Median Home Value	$221,284
Average Home Value	$243,171