4423 Melody Ct NE, Grand Rapids, MI, 49525 | $1,517/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

Rental property for sale in Grand Rapids at 4423 Melody Ct NE, Grand Rapids, MI, 49525 offers $4,040/mo rent that, after a $1,591/mo payment, leaves $1,517/mo cash flow. Total monthly income is $4,040/mo, and annual cash flow is $18,198/yr on $107,738 cash. Return on cash invested measures 36.8% in year one, and rental yield stands at 14.92% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 195.5% and total cumulative return in cash reaches $210,625. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,040/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1992

N/A lot

$N/A/sqft

$380 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49525, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,066 (100%)
Owner Occupied HU	9,697 (74.2%)
Renter Occupied HU	2,961 (22.7%)
Vacant Housing Units	408 ( 3.1%)
Median Home Value	$372,431
Average Home Value	$442,492