229 Montgomery St SE, Grand Rapids, MI, 49507 | $1,430/mo Cash Flow

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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 229 Montgomery St SE, Grand Rapids, MI, 49507 priced at $125,000 pairs $2,254/mo rent with $1,430/mo cash flow after a $612/mo payment. Total monthly income equals $2,254/mo, and annual cash flow comes to $17,154/yr on $41,438 invested. Return on cash invested is 61.31% in year one, and rental yield stands at 21.64% on a $125,000 basis. Equity gained on principal adds $807/yr, and 5% annual appreciation accumulates to $34,535 by year five. Five-year ROI measures 325.46% and total cumulative return in cash reaches $134,861. For financing, Ziffy Mortgage’s DSCR program evaluates $2,254/mo property income against a $612/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1920

5,227 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49507, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,654 (100%)
Owner Occupied HU	8,476 (62.1%)
Renter Occupied HU	4,606 (33.7%)
Vacant Housing Units	572 ( 4.2%)
Median Home Value	$221,284
Average Home Value	$243,171