505 Cherry St SE APT 411, Grand Rapids, MI, 49503 | $213/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 505 Cherry St SE APT 411, Grand Rapids, MI, 49503 uses $53,040 cash to close to unlock $2,556/yr annual cash flow and $213/mo monthly cash flow. Total monthly income runs $1,523/mo, and a $783/mo payment keeps the spread at $213/mo. Purchase price stands at $160,000, and rental yield measures 11.42% with $1,523/mo rent. Return on cash invested shows 24.73% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 131.29% and total cumulative return in cash records $69,638. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,523/mo property income covering a $783/mo payment rather than investor’s personal income.

Condo

Built in 1949

N/A lot

$N/A/sqft

$255 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