2431 E Collier Ave SE #17, Grand Rapids, MI, 49546 | $495/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 2431 E Collier Ave SE #17, Grand Rapids, MI, 49546 generates $2,676/mo in rent and, after a $1,400/mo payment, leaves $495/mo in cash flow. Total monthly income is $2,676/mo, and annual cash flow is $5,938/yr on $94,809 invested. Return on cash invested sits at 26.17% in year one, and rental yield is 11.23% on a $286,000 entry. Equity gained on principal adds $1,846/yr, while 5% annual appreciation builds toward $79,017 over five years. Five-year ROI reaches 138.32% and total cumulative return in cash sums $131,144. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,676/mo property income rather than buyer’s personal income.

Condo

Built in 1971

14.99 Acres lot

$N/A/sqft

$295 monthly HOA