1917 Cornelius Ave SE, Grand Rapids, MI, 49507 | $1,110/mo Cash Flow

Recently Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1548 sft

1950 Garret Dr NE, Grand Rapids, MI, 49525

3 Bed
2 Bath
1184 sft

4868 Ausable River Dr SW, Wyoming, MI, 49418

4 Bed
2 Bath
1760 sft

2037 Holliday Dr SW, Wyoming, MI, 49519

Investment Property+ 1 more

4 Bed
2 Bath
2152 sft

4211 18th St, Dorr, MI, 49323

Nearby investment properties with comparable prices

2 Bed
1 Bath
768 sft

75 Violet St SW, Grand Rapids, MI, 49548

2 Bed
1 Bath
- sft

3185 Windcrest Dr NE, Grand Rapids, MI, 49525

3 Bed
1 Bath
1036 sft

561 Lane Ave NW, Grand Rapids, MI, 49504

4 Bed
2 Bath
1413 sft

716 Henry Ave SE, Grand Rapids, MI, 49503

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Grand Rapids at 1917 Cornelius Ave SE, Grand Rapids, MI, 49507 offers a 13.24% rental yield on a $250,000 purchase with $2,759/mo rent. Total monthly income registers $2,759/mo, and a $1,224/mo payment leaves $1,110/mo available for distribution. Annual cash flow reaches $13,320/yr on $82,875 to close, and return on cash invested stands at 35.98% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 189.56% and total cumulative return in cash at $157,102. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,759/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1928

7,405 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