2303 Everest Ave SE, Grand Rapids, MI, 49507 | $763/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 2303 Everest Ave SE, Grand Rapids, MI, 49507 with 5% annual appreciation on a $399,999 basis while $3,401/mo rent supports operations. Total monthly income totals $3,401/mo and a $1,958/mo payment preserves $763/mo for cash returns. Annual cash flow comes to $9,156/yr on $132,600 deployed, and return on cash invested reaches 26.81% in year one. Equity gained on principal adds $2,581/yr, and five-year appreciation sums $110,512 alongside rental yield of 10.2%. Five-year ROI measures 140.39% and total cumulative return in cash totals $186,159.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,401/mo property income versus a $1,958/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1922

8,276 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