41 Caledonia St NE,Grand Rapids,MI,49505

Investment Highlights

Rental property for sale in Grand Rapids at 41 Caledonia St NE, Grand Rapids, MI, 49505 offers $1,949/mo rent that, after a $1,223/mo payment, leaves $301/mo cash flow. Total monthly income is $1,949/mo, and annual cash flow is $3,614/yr on $82,842 cash. Return on cash invested measures 24.27% in year one, and rental yield stands at 9.36% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 126.82% and total cumulative return in cash reaches $105,062. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,949/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.