2062 Coit Ave NE, Grand Rapids, MI, 49505 | $41/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 2062 Coit Ave NE, Grand Rapids, MI, 49505 offers a 8.08% rental yield on a $290,000 purchase with $1,953/mo rent. Total monthly income registers $1,953/mo, and a $1,419/mo payment leaves $41/mo available for distribution. Annual cash flow reaches $492/yr on $96,135 to close, and return on cash invested stands at 20.42% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,122 over five years. Portfolio math shows five-year ROI at 106.09% and total cumulative return in cash at $101,992. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,953/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1953

7,840 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49505, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,709 (100%)
Owner Occupied HU	9,483 (64.5%)
Renter Occupied HU	4,578 (31.1%)
Vacant Housing Units	648 ( 4.4%)
Median Home Value	$281,170
Average Home Value	$311,704