2360 Edington Dr SE, Grand Rapids, MI, 49508 | $117/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 2360 Edington Dr SE, Grand Rapids, MI, 49508 uses $72,897 cash to close to unlock $1,406/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $1,926/mo, and a $1,076/mo payment keeps the spread at $117/mo. Purchase price stands at $219,900, and rental yield measures 10.51% with $1,926/mo rent. Return on cash invested shows 21.84% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 115.89% and total cumulative return in cash records $84,484. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,926/mo property income covering a $1,076/mo payment rather than investor’s personal income.

Condo

Built in 1986

N/A lot

$N/A/sqft

$359 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49508, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,271 (100%)
Owner Occupied HU	10,323 (63.4%)
Renter Occupied HU	5,488 (33.7%)
Vacant Housing Units	460 ( 2.8%)
Median Home Value	$292,420
Average Home Value	$312,786