2220 Elmridge Dr NW, Grand Rapids, MI, 49504 | $542/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 2220 Elmridge Dr NW, Grand Rapids, MI, 49504 uses $138,567 cash to close to unlock $6,509/yr annual cash flow and $542/mo monthly cash flow. Total monthly income runs $3,299/mo, and a $2,046/mo payment keeps the spread at $542/mo. Purchase price stands at $418,000, and rental yield measures 9.47% with $3,299/mo rent. Return on cash invested shows 24.61% in year one, and 5% annual appreciation builds toward $115,486 over five years. Five-year ROI reaches 128.58% and total cumulative return in cash records $178,167. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,299/mo property income covering a $2,046/mo payment rather than investor’s personal income.

Single Family

Built in 1979

0.50 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49504, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,664 (100%)
Owner Occupied HU	10,506 (56.3%)
Renter Occupied HU	7,008 (37.5%)
Vacant Housing Units	1,150 ( 6.2%)
Median Home Value	$258,759
Average Home Value	$284,959