4181 S Norway St SE #31Grand RapidsMI49546
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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
Investment Highlights
Rental property for sale in Grand Rapids at 4181 S Norway St SE #31, Grand Rapids, MI, 49546 generates $1,347/mo in rent and, after a $856/mo payment, leaves $194/mo in cash flow. Total monthly income is $1,347/mo, and annual cash flow is $2,324/yr on $57,979 invested. Return on cash invested sits at 23.92% in year one, and rental yield is 9.24% on a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 124.89% and total cumulative return in cash sums $72,408. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,347/mo property income rather than buyer’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
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Listed by: Rustin Scott • Five Star Real Estate (Main)
Mls Name: MichRIC
Mls ID: #26000879