4326 Norman Dr SE, Grand Rapids, MI, 49508 | $29/mo Cash Flow

For Sale

Ziffy Mortgage

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 4326 Norman Dr SE, Grand Rapids, MI, 49508 uses $48,034 cash to close to unlock $344/yr annual cash flow and $29/mo monthly cash flow. Total monthly income runs $1,164/mo, and a $709/mo payment keeps the spread at $29/mo. Purchase price stands at $144,900, and rental yield measures 9.64% with $1,164/mo rent. Return on cash invested shows 20.62% in year one, and 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 108.9% and total cumulative return in cash records $52,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,164/mo property income covering a $709/mo payment rather than investor’s personal income.

Condo

Built in 1984

N/A lot

$N/A/sqft

$180 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49508, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,271 (100%)
Owner Occupied HU	10,323 (63.4%)
Renter Occupied HU	5,488 (33.7%)
Vacant Housing Units	460 ( 2.8%)
Median Home Value	$292,420
Average Home Value	$312,786