27 Library St NE #605, Grand Rapids, MI, 49503 | 7.87% Rental Yield

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 27 Library St NE #605, Grand Rapids, MI, 49503 listed at $472,500 pairs $3,100/mo rent with a $2,313/mo payment. Total monthly income runs $3,100/mo. Return on cash invested measures 15.14% in year one, and rental yield registers 7.87% at a $472,500 basis. Equity gained on principal adds $3,049/yr, and annual property appreciation at 5% supports $130,543 by year five. Five-year ROI tracks 79.49% and total cumulative return in cash totals $124,502. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,100/mo property income relative to a $2,313/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1915

N/A lot

$N/A/sqft

$606 monthly 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