350 Diamond Ave SE, Grand Rapids, MI, 49506 | $665/mo Cash Flow

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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 350 Diamond Ave SE, Grand Rapids, MI, 49506 offers $3,929/mo rent that, after a $2,423/mo payment, leaves $665/mo cash flow. Total monthly income is $3,929/mo, and annual cash flow is $7,974/yr on $164,093 cash. Return on cash invested measures 24.77% in year one, and rental yield stands at 9.52% at a $495,000 entry. Equity gained on principal adds $3,194/yr while 5% annual appreciation compounds into $136,759 by year five. Five-year ROI records 129.45% and total cumulative return in cash reaches $212,410. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,929/mo property income versus a $2,423/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 2007

2,178 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49506, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,282 (100%)
Owner Occupied HU	9,333 (70.3%)
Renter Occupied HU	3,352 (25.2%)
Vacant Housing Units	597 ( 4.5%)
Median Home Value	$381,078
Average Home Value	$459,706