325 Wallinwood Ave NE,Grand Rapids,MI,49503

Investment Highlights

Rental property for sale in Grand Rapids at 325 Wallinwood Ave NE, Grand Rapids, MI, 49503 priced at $359,900 converts $2,429/mo rent into $55/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,429/mo, and annual cash flow totals $662/yr on $119,307 invested. Return on cash invested prints 20.46% in year one, and rental yield reads 8.1% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 106.38% and total cumulative return in cash sums $126,914. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,429/mo property income covering a $1,762/mo payment, not borrower’s personal income.