224 Lane Ave SW, Grand Rapids, MI, 49504 | $1,015/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 224 Lane Ave SW, Grand Rapids, MI, 49504 priced at $185,000 converts $2,234/mo rent into $1,015/mo cash flow after a $905/mo obligation. Total monthly income equals $2,234/mo, and annual cash flow totals $12,174/yr on $61,328 invested. Return on cash invested prints 39.76% in year one, and rental yield reads 14.49% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 209.86% and total cumulative return in cash sums $128,703. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,234/mo property income covering a $905/mo payment, not borrower’s personal income.

Single Family

Built in 1880

3,049 sqft 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