355 Eola St SE, Grand Rapids, MI, 49507 | $293/mo Cash Flow

Recently Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
814 sft

6316 Belmont Ave NE, Belmont, MI, 49306

2 Bed
1 Bath
1366 sft

2107 Prospect Ave NE, Grand Rapids, MI, 49505

1 Bed
1 Bath
934 sft

8508 Jasonville Ct SE, Caledonia, MI, 49316

3 Bed
1 Bath
899 sft

2045 Oakwood Ave NE, Grand Rapids, MI, 49505

Nearby investment properties with comparable prices

3 Bed
2 Bath
1270 sft

750 Alger St SW, Wyoming, MI, 49509

3 Bed
2 Bath
1508 sft

The Willow Plan, Oaks of Rockford, Rockford, MI, 49341

5 Bed
3 Bath
3546 sft

1212 Quincy St, Grandville, MI, 49418

2 Bed
1 Bath
1011 sft

2919 Botsford Pl NE, Grand Rapids, MI, 49505

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Grand Rapids at 355 Eola St SE, Grand Rapids, MI, 49507 listed at $275,000 pairs $2,106/mo rent with a $1,346/mo payment to leave $293/mo cash flow. Total monthly income runs $2,106/mo, and annual cash flow reaches $3,510/yr on $91,163 cash to close. Return on cash invested measures 23.76% in year one, and rental yield registers 9.19% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 124.05% and total cumulative return in cash totals $113,087. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,106/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1955

7,405 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49507, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,654 (100%)
Owner Occupied HU	8,476 (62.1%)
Renter Occupied HU	4,606 (33.7%)
Vacant Housing Units	572 ( 4.2%)
Median Home Value	$221,284
Average Home Value	$243,171