3361 English Hills Dr NW #16, Grand Rapids, MI, 49544 | $500/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 3361 English Hills Dr NW #16, Grand Rapids, MI, 49544 uses $115,859 cash to close to unlock $5,998/yr annual cash flow and $500/mo monthly cash flow. Total monthly income runs $3,200/mo, and a $1,711/mo payment keeps the spread at $500/mo. Purchase price stands at $349,500, and rental yield measures 10.99% with $3,200/mo rent. Return on cash invested shows 25.09% in year one, and 5% annual appreciation builds toward $96,560 over five years. Five-year ROI reaches 132.62% and total cumulative return in cash records $153,649. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,200/mo property income covering a $1,711/mo payment rather than investor’s personal income.

Condo

Built in 1991

N/A lot

$N/A/sqft

$395 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49544, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,014 (100%)
Owner Occupied HU	2,165 (53.9%)
Renter Occupied HU	1,749 (43.6%)
Vacant Housing Units	100 ( 2.5%)
Median Home Value	$275,189
Average Home Value	$287,192