208 Palmer St NE, Grand Rapids, MI, 49505 | $568/mo Cash Flow

For Sale

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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 208 Palmer St NE, Grand Rapids, MI, 49505 priced at $160,000 pairs $1,623/mo rent with $568/mo cash flow after a $783/mo payment. Total monthly income equals $1,623/mo, and annual cash flow comes to $6,816/yr on $53,040 invested. Return on cash invested is 32.76% in year one, and rental yield stands at 12.17% on a $160,000 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. Five-year ROI measures 172.27% and total cumulative return in cash reaches $91,370. For financing, Ziffy Mortgage’s DSCR program evaluates $1,623/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1875

1,742 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