3040 Richmond St NW, Grand Rapids, MI, 49534 | $463/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 3040 Richmond St NW, Grand Rapids, MI, 49534 offers a 9.35% rental yield on a $385,000 purchase with $3,001/mo rent. Total monthly income registers $3,001/mo, and a $1,884/mo payment leaves $463/mo available for distribution. Annual cash flow reaches $5,550/yr on $127,628 to close, and return on cash invested stands at 24.26% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 126.7% and total cumulative return in cash at $161,710. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,001/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1984

0.40 Acres lot

$N/A/sqft

No HOA