43 Dickinson St SW,Grand Rapids,MI,49507

Investment Highlights

Rental property for sale in Grand Rapids at 43 Dickinson St SW, Grand Rapids, MI, 49507 priced at $250,000 pairs $2,362/mo rent with $713/mo cash flow after a $1,224/mo payment. Total monthly income equals $2,362/mo, and annual cash flow comes to $8,556/yr on $82,875 invested. Return on cash invested is 30.23% in year one, and rental yield stands at 11.34% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 158.72% and total cumulative return in cash reaches $131,542. For financing, Ziffy Mortgage’s DSCR program evaluates $2,362/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.