430 Union Ave NE APT 108, Grand Rapids, MI, 49503 | $1,434/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 430 Union Ave NE APT 108, Grand Rapids, MI, 49503 offers a 12.71% rental yield on a $475,000 purchase with $5,030/mo rent. Total monthly income registers $5,030/mo, and a $2,325/mo payment leaves $1,434/mo available for distribution. Annual cash flow reaches $17,202/yr on $157,463 to close, and return on cash invested stands at 30.83% in year one. Equity gained on principal adds $3,065/yr while 5% annual appreciation supports $131,234 over five years. Portfolio math shows five-year ROI at 163.24% and total cumulative return in cash at $257,047. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,030/mo property income against a $2,325/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2007

0.98 Acres lot

$N/A/sqft

$464 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,238 (100%)
Owner Occupied HU	7,149 (35.3%)
Renter Occupied HU	11,464 (56.6%)
Vacant Housing Units	1,625 ( 8.0%)
Median Home Value	$281,804
Average Home Value	$332,147