42 Luray Ave NW, Grand Rapids, MI, 49504 | $1,919/mo Cash Flow

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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 42 Luray Ave NW, Grand Rapids, MI, 49504 at $344,900 posts ROI 40.05% with $1,919/mo cash flow from $4,193/mo rent. Total monthly income equals $4,193/mo, and annual cash flow records $23,024/yr on $114,334 to close. Return on cash invested measures 40.05% and rental yield reads 14.59% at the current $344,900. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,290 by year five. Five-year ROI prints 211.38% and total cumulative return in cash totals $241,677.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,193/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1966

0.25 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49504, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,664 (100%)
Owner Occupied HU	10,506 (56.3%)
Renter Occupied HU	7,008 (37.5%)
Vacant Housing Units	1,150 ( 6.2%)
Median Home Value	$258,759
Average Home Value	$284,959