1937 Millbank St SE, Grand Rapids, MI, 49508 | $2,269/mo Cash Flow

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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 1937 Millbank St SE, Grand Rapids, MI, 49508 priced at $370,000 pairs $4,709/mo rent with $2,269/mo cash flow after a $1,811/mo payment. Total monthly income equals $4,709/mo, and annual cash flow comes to $27,228/yr on $122,655 invested. Return on cash invested is 42.11% in year one, and rental yield stands at 15.27% on a $370,000 basis. Equity gained on principal adds $2,388/yr, and 5% annual appreciation accumulates to $102,224 by year five. Five-year ROI measures 222.4% and total cumulative return in cash reaches $272,789. For financing, Ziffy Mortgage’s DSCR program evaluates $4,709/mo property income against a $1,811/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1958

0.35 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49508, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,271 (100%)
Owner Occupied HU	10,323 (63.4%)
Renter Occupied HU	5,488 (33.7%)
Vacant Housing Units	460 ( 2.8%)
Median Home Value	$292,420
Average Home Value	$312,786