505 Cherry St SE APT 514, Grand Rapids, MI, 49503 | $816/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 514, Grand Rapids, MI, 49503 listed at $144,900 pairs $1,950/mo rent with a $709/mo payment to leave $816/mo cash flow. Total monthly income runs $1,950/mo, and annual cash flow reaches $9,788/yr on $48,034 cash to close. Return on cash invested measures 40.29% in year one, and rental yield registers 16.15% at a $144,900 basis. Equity gained on principal adds $935/yr, and annual property appreciation at 5% supports $40,033 by year five. Five-year ROI tracks 214.3% and total cumulative return in cash totals $102,937. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,950/mo property income relative to a $709/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1949

N/A lot

$N/A/sqft

$179 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