321 Knapp St NE, Grand Rapids, MI, 49505 | $273/mo Cash Flow

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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 321 Knapp St NE, Grand Rapids, MI, 49505 priced at $200,000 pairs $1,592/mo rent with $273/mo cash flow after a $979/mo payment. Total monthly income equals $1,592/mo, and annual cash flow comes to $3,276/yr on $66,300 invested. Return on cash invested is 24.85% in year one, and rental yield stands at 9.55% on a $200,000 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 129.86% and total cumulative return in cash reaches $86,096. For financing, Ziffy Mortgage’s DSCR program evaluates $1,592/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1922

3,920 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