243 Page St NE, Grand Rapids, MI, 49505 | $360/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

Rental property for sale in Grand Rapids at 243 Page St NE, Grand Rapids, MI, 49505 priced at $269,900 converts $2,140/mo rent into $360/mo cash flow after a $1,321/mo obligation. Total monthly income equals $2,140/mo, and annual cash flow totals $4,322/yr on $89,472 invested. Return on cash invested prints 24.74% in year one, and rental yield reads 9.51% against a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,568 by year five. Five-year ROI reaches 129.33% and total cumulative return in cash sums $115,710. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,140/mo property income covering a $1,321/mo payment, not borrower’s personal income.

Single Family

Built in 1905

6,098 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49505, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,709 (100%)
Owner Occupied HU	9,483 (64.5%)
Renter Occupied HU	4,578 (31.1%)
Vacant Housing Units	648 ( 4.4%)
Median Home Value	$281,170
Average Home Value	$311,704