241 Heritage Commons St SE, Grand Rapids, MI, 49503 | $223/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
825 sft

1234 Diamond Ave NE, Grand Rapids, MI, 49505

3 Bed
1 Bath
1468 sft

903 Bates St SE, Grand Rapids, MI, 49506

1 Bed
1 Bath
1552 sft

The Wisteria Plan, Saddlebrook, Cedar Springs, MI, 49319

3 Bed
2 Bath
876 sft

2258 McKee Ave SW, Grand Rapids, MI, 49503

Nearby investment properties with comparable prices

2 Bed
1 Bath
896 sft

4777 Flying Eagle Dr SE, Kentwood, MI, 49548

2 Bed
2 Bath
1308 sft

1330 Mason St NE, Grand Rapids, MI, 49503

Currently Rented+ 3 more

5 Bed
3 Bath
1633 sft

186 N Elm St, Sparta, MI, 49345

2 Bed
2 Bath
1093 sft

8410 N Jasonville Ct SE #71, Caledonia, MI, 49316

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

Investment property for sale in Grand Rapids at 241 Heritage Commons St SE, Grand Rapids, MI, 49503 with 5% annual appreciation on a $265,000 basis while $1,987/mo rent supports operations. Total monthly income totals $1,987/mo and a $1,297/mo payment preserves $223/mo for cash returns. Annual cash flow comes to $2,674/yr on $87,848 deployed, and return on cash invested reaches 22.95% in year one. Equity gained on principal adds $1,710/yr, and five-year appreciation sums $73,215 alongside rental yield of 9%. Five-year ROI measures 119.79% and total cumulative return in cash totals $105,231.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,987/mo property income versus a $1,297/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1977

3,920 sqft lot

$N/A/sqft

$200 annually HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,238 (100%)
Owner Occupied HU	7,149 (35.3%)
Renter Occupied HU	11,464 (56.6%)
Vacant Housing Units	1,625 ( 8.0%)
Median Home Value	$281,804
Average Home Value	$332,147