475 Emerald Ave NE, Grand Rapids, MI, 49503 | $471/mo Cash Flow

Recently Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
696 sft

3200 Woodward Ave SW, Wyoming, MI, 49509

2 Bed
1 Bath
1368 sft

1119 Kentwood Dr NE, Grand Rapids, MI, 49505

2 Bed
2 Bath
1383 sft

4435 Poinsettia Ave SE, Kentwood, MI, 49508

3 Bed
2 Bath
1560 sft

2711 Meyer Ave SW, Wyoming, MI, 49519

Nearby investment properties with comparable prices

2 Bed
2 Bath
720 sft

3886 Vineyard Ave NE, Grand Rapids, MI, 49525

2 Bed
2 Bath
1254 sft

3259 Arrowhead Arms Ct SW, Grandville, MI, 49418

3 Bed
1 Bath
1083 sft

1613 Hanchett Ave NW, Grand Rapids, MI, 49504

2 Bed
1 Bath
924 sft

1000 35th St SW, Wyoming, MI, 49509

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Grand Rapids at 475 Emerald Ave NE, Grand Rapids, MI, 49503 offers a 9.93% rental yield on a $280,000 purchase with $2,317/mo rent. Total monthly income registers $2,317/mo, and a $1,370/mo payment leaves $471/mo available for distribution. Annual cash flow reaches $5,652/yr on $92,820 to close, and return on cash invested stands at 26% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 136.01% and total cumulative return in cash at $126,249. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,317/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1910

435.60 sqft lot

$N/A/sqft

No 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