2159 New Town Dr NE, Grand Rapids, MI, 49525 | $406/mo Cash Flow

For Sale

Ziffy Mortgage

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 2159 New Town Dr NE, Grand Rapids, MI, 49525 listed at $319,900 pairs $2,824/mo rent with a $1,566/mo payment to leave $406/mo cash flow. Total monthly income runs $2,824/mo, and annual cash flow reaches $4,874/yr on $106,047 cash to close. Return on cash invested measures 24.51% in year one, and rental yield registers 10.59% at a $319,900 basis. Equity gained on principal adds $2,064/yr, and annual property appreciation at 5% supports $88,382 by year five. Five-year ROI tracks 129.32% and total cumulative return in cash totals $137,144. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,824/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2008

N/A lot

$N/A/sqft

$308 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49525, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,066 (100%)
Owner Occupied HU	9,697 (74.2%)
Renter Occupied HU	2,961 (22.7%)
Vacant Housing Units	408 ( 3.1%)
Median Home Value	$372,431
Average Home Value	$442,492