2318 Horton Ave SE, Grand Rapids, MI, 49507 | $628/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
1501 sft

865 Carrier Creek Blvd NE, Grand Rapids, MI, 49503

2 Bed
1 Bath
1060 sft

133 W Garfield Ave, Zeeland, MI, 49464

3 Bed
2 Bath
3236 sft

6840 Burlingame Ave SW, Byron Center, MI, 49315

3 Bed
2 Bath
1384 sft

7545 W Parmalee Rd, Middleville, MI, 49333

Nearby investment properties with comparable prices

3 Bed
2 Bath
1500 sft

845 Dallas Ave SE, Grand Rapids, MI, 49507

4 Bed
2 Bath
1144 sft

1917 Osmer Ave SW, Wyoming, MI, 49509

2 Bed
1 Bath
714 sft

2309 Dalton Ave SW, Wyoming, MI, 49519

3 Bed
1 Bath
1085 sft

105 Meerse St SE, Grand Rapids, MI, 49507

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Grand Rapids at 2318 Horton Ave SE, Grand Rapids, MI, 49507 priced at $240,000 pairs $2,211/mo rent with $628/mo cash flow after a $1,175/mo payment. Total monthly income equals $2,211/mo, and annual cash flow comes to $7,536/yr on $79,560 invested. Return on cash invested is 29.38% in year one, and rental yield stands at 11.05% on a $240,000 basis. Equity gained on principal adds $1,549/yr, and 5% annual appreciation accumulates to $66,308 by year five. Five-year ROI measures 154.14% and total cumulative return in cash reaches $122,630. For financing, Ziffy Mortgage’s DSCR program evaluates $2,211/mo property income against a $1,175/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1913

6,098 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