4348 Saint Annes Ave SE #21, Grand Rapids, MI, 49512 | $504/mo Cash Flow

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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

Rental property for sale in Grand Rapids at 4348 Saint Annes Ave SE #21, Grand Rapids, MI, 49512 generates $3,088/mo in rent and, after a $1,640/mo payment, leaves $504/mo in cash flow. Total monthly income is $3,088/mo, and annual cash flow is $6,042/yr on $111,053 invested. Return on cash invested sits at 25.35% in year one, and rental yield is 11.06% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 134.04% and total cumulative return in cash sums $148,856. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,088/mo property income rather than buyer’s personal income.

Condo

Built in 2006

N/A lot

$N/A/sqft

$375 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49512, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,146 (100%)
Owner Occupied HU	4,073 (44.5%)
Renter Occupied HU	4,640 (50.7%)
Vacant Housing Units	433 ( 4.7%)
Median Home Value	$320,719
Average Home Value	$334,005