509 Coit Ave NE, Grand Rapids, MI, 49503 | $15/mo Cash Flow

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

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 509 Coit Ave NE, Grand Rapids, MI, 49503 priced at $310,000 pairs $2,059/mo rent with $15/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,059/mo, and annual cash flow comes to $180/yr on $102,765 invested. Return on cash invested is 20.08% in year one, and rental yield stands at 7.97% on a $310,000 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,647 by year five. Five-year ROI measures 104.31% and total cumulative return in cash reaches $107,191. For financing, Ziffy Mortgage’s DSCR program evaluates $2,059/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1910

170 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