1960 Ballard St SE, Grand Rapids, MI, 49506 | $967/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 1960 Ballard St SE, Grand Rapids, MI, 49506 priced at $425,000 converts $3,769/mo rent into $967/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,769/mo, and annual cash flow totals $11,598/yr on $140,888 invested. Return on cash invested prints 28.14% in year one, and rental yield reads 10.64% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 147.53% and total cumulative return in cash sums $207,845. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,769/mo property income covering a $2,080/mo payment, not borrower’s personal income.

Single Family

Built in 1954

8,712 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