1817 Cherry Run Dr NW, Grand Rapids, MI, 49504 | $302/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 1817 Cherry Run Dr NW, Grand Rapids, MI, 49504 uses $128,456 cash to close to unlock $3,627/yr annual cash flow and $302/mo monthly cash flow. Total monthly income runs $2,858/mo, and a $1,897/mo payment keeps the spread at $302/mo. Purchase price stands at $387,500, and rental yield measures 8.85% with $2,858/mo rent. Return on cash invested shows 22.73% in year one, and 5% annual appreciation builds toward $107,059 over five years. Five-year ROI reaches 118.55% and total cumulative return in cash records $152,283. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,858/mo property income covering a $1,897/mo payment rather than investor’s personal income.

Single Family

Built in 2013

0.32 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49504, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,664 (100%)
Owner Occupied HU	10,506 (56.3%)
Renter Occupied HU	7,008 (37.5%)
Vacant Housing Units	1,150 ( 6.2%)
Median Home Value	$258,759
Average Home Value	$284,959